Sound Impact

Analysis

Sound Impact is a registered charity in United States, based in Fairfax Sta, VA. It received its IRS tax-exemption ruling in July 2015, 11 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, Sound Impact reported income of $241k and spending of $242k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $241k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sound Impact sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Software Education Foundation ($241k), Over-The-Rhine Museum ($241k) and Endstation Theatre Company ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $145k. At year end it held assets of $83k against liabilities of $11k, net assets of $72k.