Black Fret Sonic Guild

Analysis

Black Fret Sonic Guild is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Black Fret Sonic Guild reported income of $2.2m and spending of $2.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Fret Sonic Guild sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Dieu Donne Paper Mill Inc ($2.2m), Turner Institute of Ecoagriculture Inc ($2.2m) and National Wrestling Hall of Fame Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $204k (10% of expenses). Other salaries and wages came to $388k. At year end it held assets of $797k against liabilities of $39k, net assets of $758k. It reported 7 employees.