Sound Waves Payee

Analysis

Sound Waves Payee is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Waves Payee reported income of $105k and spending of $112k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $105k (+4.8%), an average of +4.8% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sound Waves Payee sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WA. Charities of a similar size with the same main cause include Chasentailz KDW Fishing Tournament Inc ($105k), Christ-Centered Counseling Ministries ($105k) and Open Source Hardware Association ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $17k against liabilities of $2,045, net assets of $15k.