Found Sound Nation

Analysis

Found Sound Nation is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Found Sound Nation reported income of $749k and spending of $687k, spending 92% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $264k to $749k (+184%), an average of +68% a year. The sharpest change came in the year to August 2023, when income rose by 104%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Found Sound Nation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Iris Orchestra Inc ($749k), Frank W Norris Foundation ($749k) and Childrens Museum of Skagit County ($749k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $28k (4.1% of expenses). Other salaries and wages came to $5,884. At year end it held assets of $219k against liabilities of $25k, net assets of $195k.