Soharmoniums Incorporated

Analysis

Soharmoniums Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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, Soharmoniums Incorporated reported income of $68k and spending of $73k, spending 108% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $72k to $68k (-6.8%), an average of -6.8% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soharmoniums Incorporated sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include McIntosh Art Association Inc ($68k), Music Mentors Inc ($68k) and Association for Gerontology Education in Social Work Inc ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 25% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.