Sound Start Up Start Corp

Analysis

Sound Start Up Start Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sound Start Up Start Corp reported income of $100k and spending of $136k, spending 135% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $237k to $100k (-58%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sound Start Up Start Corp sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Kippers Gymnastics Inc ($100k), Sarasota Military Officers Foundation Inc ($100k) and Ecunet Housing Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $409k against liabilities of $7,647, net assets of $402k.