Soundscapes Inc

Analysis

Soundscapes Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Soundscapes Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $581k to $1.5m (+155%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 66%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soundscapes Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Ann Arbor Art Association ($1.5m), Downtown Columbia Arts and Culture Commission Inc ($1.5m) and Great River Childrens Museum ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $191k (14% of expenses). Other salaries and wages came to $731k. At year end it held assets of $594k against liabilities of $101k, net assets of $494k. It reported 48 employees.