Sonny Boy Blues Society Inc

Analysis

Sonny Boy Blues Society Inc is a registered charity in United States, based in Helena, AR. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 December 2021, Sonny Boy Blues Society Inc reported income of $748k and spending of $525k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2018 to December 2021, income fell from $1.2m to $748k (-37%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sonny Boy Blues Society Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within AR. Charities of a similar size with the same main cause include Pathfinder Ptsa ($748k), Virginia Network for Victims and Witnesses of Crime Inc ($748k) and Hillel the Foundation for Jewish Campus Life ($747k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 62% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $107k (20% of expenses). It paid $10k in professional fundraising fees. At year end it held assets of $986k against liabilities of $1,035, net assets of $985k. It reported 3 employees.