Sound Hearts

Analysis

Sound Hearts is a registered charity in United States, based in Azusa, CA. It received its IRS tax-exemption ruling in February 2016, 10 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 Hearts reported income of $57k and spending of $1,177, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $57k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 4.1% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sound Hearts sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Every Walk of Life Ministries Inc ($57k), Christ Central Ministries Inc ($57k) and LA Mission Inc ($57k).

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 $232k against liabilities of $0, net assets of $232k.