Sound Landing

Analysis

Sound Landing is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Sound Landing reported income of $119k and spending of $191k, spending 161% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $559k to $119k (-79%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sound Landing sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Ami 2000 Housing Inc ($119k), Three Gems Inc ($119k) and American Housing Project Inc ($119k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $36k (19% of expenses). At year end it held assets of $106k against liabilities of $142k, net assets of -$36k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.