Sounds of Hope Ltd

Analysis

Sounds of Hope Ltd is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Sounds of Hope Ltd reported income of $110k and spending of $106k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $198k to $110k (-44%), an average of -14% a year. The sharpest change came in the year to September 2020, when income dropped by 68%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sounds of Hope Ltd sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Give to the World ($110k), Fiji Dental and Medical Foundation Inc ($111k) and Kendall Optometry Ministry Inc ($110k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.