Sound Salon

Analysis

Sound Salon is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 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 June 2023, Sound Salon reported income of $258k and spending of $308k, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $226k to $258k (+14%), an average of +14% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sound Salon sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Cunneen Hackett Cultural Center Inc ($258k), Elmhurst Symphony Association Inc ($258k) and Civil Rights Institute of Southern California ($258k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $83k (27% of expenses). Other salaries and wages came to $26k. At year end it held assets of $99k against liabilities of $2,508, net assets of $97k.