Sound Communities Inc

Analysis

Sound Communities Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sound Communities Inc reported income of $5.5m and spending of $1.3m, leaving 76% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 62265%. Over the whole period it spent 27% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sound Communities Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Western Home Services Inc ($5.5m), Chico Housing Action Team ($5.5m) and Grace House Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Other salaries and wages came to $121k. At year end it held assets of $5.5m against liabilities of $1.6m, net assets of $4.0m.