Sound Wall Music Initiative

Analysis

Sound Wall Music Initiative is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in February 2020, 6 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, Sound Wall Music Initiative reported income of $255k and spending of $268k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $255k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 103% 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 Wall Music Initiative 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 60th percentile within AL. Charities of a similar size with the same main cause include Carlisle Regional Performing Arts Center Inc ($255k), Brockus Project Dance Company ($255k) and New Hampshire Farm Museum Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $6,316 against liabilities of $0, net assets of $6,316.