Sounds Like LA

Analysis

Sounds Like LA is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in March 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 June 2024, Sounds Like LA reported income of $355k and spending of $413k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $352k to $355k (+0.9%), an average of +0.2% a year. Over the whole period it spent 100% 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 Like LA 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 67th percentile within CA. Charities of a similar size with the same main cause include Festival in the Park Inc ($355k), Orange County Womens Chorus ($355k) and Inland Northwest Honor Flight ($355k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $89k (22% of expenses). Other salaries and wages came to $220k. At year end it held assets of $389k against liabilities of $119k, net assets of $270k. It reported 68 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.