Sound Rivers Inc

Analysis

Sound Rivers Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Sound Rivers Inc reported income of $1.4m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $817k to $1.4m (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sound Rivers Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Blue Planet Alliance ($1.4m), Waikiki Beach Special Improvement District Association ($1.4m) and Los Cerritos Wetlands Stewardship Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $79k (6.4% of expenses). Other salaries and wages came to $434k. At year end it held assets of $1.9m against liabilities of $148k, net assets of $1.8m. It reported 14 employees.