Sounding Joy Music Therapy Inc

Analysis

Sounding Joy Music Therapy Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sounding Joy Music Therapy Inc reported income of $154k and spending of $157k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $154k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sounding Joy Music Therapy Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within HI. Charities of a similar size with the same main cause include LSH Mental Health Services Inc ($154k), Aunt Susies Cancer Wellness Center ($154k) and Tough Warrior Princesses ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 19% of the total. At year end it held assets of $177k against liabilities of $191k, net assets of -$14k.