Be Loud Sophie Foundation

Analysis

Be Loud Sophie Foundation is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Be Loud Sophie Foundation reported income of $358k and spending of $240k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $358k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Be Loud Sophie Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Savannah Youth Development Foundation Inc ($358k), Prevention and Treatment Center ($358k) and Power of Perception Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $516k against liabilities of $0, net assets of $516k.