Songtime Inc

Analysis

Songtime Inc is a registered charity in United States, based in Centerville, MA. It received its IRS tax-exemption ruling in December 1972, 54 years ago. 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 December 2023, Songtime Inc reported income of $282k and spending of $264k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $597k to $282k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Songtime Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Camp Selah ($282k), Health Professional Student Association ($282k) and Intercommunity Nursery School & Kindergarten Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1,276 (0.5% of expenses). Other salaries and wages came to $109k. At year end it held assets of $50k against liabilities of $7,839, net assets of $42k. It reported 4 employees.