Songs for Kids Foundation Inc

Analysis

Songs for Kids Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 for Kids Foundation Inc reported income of $380k and spending of $415k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $397k to $380k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Songs for Kids Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Side by Side Va Inc ($380k), Yellowstone Youth Football ($380k) and South Jersey Youth Alliance ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $90k (22% of expenses). Other salaries and wages came to $116k. At year end it held assets of $623k against liabilities of $22k, net assets of $601k. It reported 11 employees.