Songs by Heart Foundation

Analysis

Songs by Heart Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Songs by Heart Foundation reported income of $374k and spending of $382k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $592k to $374k (-37%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Songs by Heart Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include Tailor Institute Incorporated ($373k), Golden Circle of Champions ($374k) and Community Pregnancy Center Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $366k. At year end it held assets of $61k against liabilities of $0, net assets of $61k.