Rallysound Inc

Analysis

Rallysound Inc is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, Rallysound Inc reported income of $338k and spending of $228k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $338k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rallysound Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Visions Museum of Textile Art ($338k), Friends of the Uffizi Gallery Inc ($338k) and Greater Newburyport Community Media Hub Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.