Friends of Summersounds Inc

Analysis

Friends of Summersounds Inc is a registered charity in United States, based in Greensburg, PA. It received its IRS tax-exemption ruling in October 2010, 16 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 (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, Friends of Summersounds Inc reported income of $172k and spending of $153k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $172k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Summersounds Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Sacred Dance Foundation ($172k), Cadena Radial Remanente Corp ($172k) and Center for Initiative in Art Andculture Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.