Resound Corporation

Analysis

Resound Corporation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Resound Corporation reported income of $1.2m and spending of $1.3m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.2m (+11%), an average of +2.7% a year. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Resound Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Syrian Community Network Inc ($1.2m), Empower Mali ($1.2m) and Network of Chinese Human Rights Defenders Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $660k. At year end it held assets of $706k against liabilities of $33k, net assets of $672k. It reported 18 employees.