Sound Start Babies Foundation for Deaf and Hard of Hearing Children

Analysis

Sound Start Babies Foundation for Deaf and Hard of Hearing Children is a registered charity in United States, based in Mountain LKS, NJ. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sound Start Babies Foundation for Deaf and Hard of Hearing Children reported income of $778k and spending of $656k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $440k to $778k (+77%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 220%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sound Start Babies Foundation for Deaf and Hard of Hearing Children sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Garrett Memorial Christian School Inc ($778k), Ironworkers Local 21 T&e Fund ($778k) and Anabaptist Scholarship Foundation of Virginia ($777k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $470k. At year end it held assets of $1.1m against liabilities of $588k, net assets of $542k. It reported 8 employees.