Sounds Academy

Analysis

Sounds Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 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 July 2023, Sounds Academy reported income of $641k and spending of $673k, spending 105% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $203k to $641k (+216%), an average of +33% a year. The sharpest change came in the year to July 2022, when income rose by 101%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sounds Academy sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Athfest Incorporated ($641k), Association for Promotion of Jewish Secularism ($641k) and Jackson Hole Community Radio Incorporated ($641k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $160k. At year end it held assets of $384k against liabilities of $27k, net assets of $356k. It reported 9 employees.