S Cool Sounds Inc

Analysis

S Cool Sounds Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, S Cool Sounds Inc reported income of $448k and spending of $462k, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $421k to $448k (+6.3%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, S Cool Sounds Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Developing Artist Collaboration ($448k), The Museum of Indigenous People Inc ($448k) and Vox Femina Los Angeles ($448k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $114k (25% of expenses). Other salaries and wages came to $229k. At year end it held assets of $137k against liabilities of $1,810, net assets of $135k. It reported 20 employees.