The Tank Center for Sonic Arts Inc

Analysis

The Tank Center for Sonic Arts Inc is a registered charity in United States, based in Rangely, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Tank Center for Sonic Arts Inc reported income of $106k and spending of $149k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $106k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Tank Center for Sonic Arts Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within CO. Charities of a similar size with the same main cause include Altrusa House of Gainesville Florid a Inc ($106k), Michigan Prison Doula Initiative ($106k) and The Susie Foundation Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $60k (40% of expenses). Other salaries and wages came to $17k. At year end it held assets of $52k against liabilities of $2,194, net assets of $50k. It reported 4 employees.