Sounds of Success Preschool and Learning Center

Analysis

Sounds of Success Preschool and Learning Center is a registered charity in United States, based in Aiea, HI. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sounds of Success Preschool and Learning Center reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sounds of Success Preschool and Learning Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within HI. Charities of a similar size with the same main cause include Trial Lawyers College ($1.4m), Birmingham-Southern College Foundation ($1.4m) and LA Scuola D Italia Galileo Galilei ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $85k (6.5% of expenses). Other salaries and wages came to $613k. At year end it held assets of $1.2m against liabilities of $71k, net assets of $1.1m. It reported 29 employees.