Songbirds Foundation Inc

Analysis

Songbirds Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 2017, 9 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, Songbirds Foundation Inc reported income of $405k and spending of $989k, spending 244% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $405k (+155%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 3883%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Songbirds Foundation 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 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Driver Opera House Restoration Inc ($405k), Kaleidoscope Chamber Orchestra ($405k) and India Society of Worcester Mass ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $98k (9.9% of expenses). Other salaries and wages came to $162k. At year end it held assets of $16.6m against liabilities of $706k, net assets of $15.9m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.