Sound of Love Inc

Analysis

Sound of Love Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Sound of Love Inc reported income of $55k and spending of $47k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $55k (-12%), an average of -12% a year. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sound of Love Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Blue Fire Legacy ($55k), Suryoyo American Association Inc ($55k) and Chinese Coordination Center for World Evangelism ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.