Sounds of Saving

Analysis

Sounds of Saving is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, 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, Sounds of Saving reported income of $515k and spending of $406k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $515k (+193%), an average of +193% a year. The sharpest change came in the year to December 2023, when income rose by 193%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sounds of Saving sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Friends of Faces ($515k), Drug Awareness Inc ($515k) and New Hampshire Coalition of Recovery Residences ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $176k. At year end it held assets of $135k against liabilities of $0, net assets of $135k. It reported 5 employees.