Soundcheck Prevention Network

Analysis

Soundcheck Prevention Network is a registered charity in United States, based in Ashevile, NC. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Soundcheck Prevention Network reported income of $258k and spending of $332k, spending 129% of what it took in. Across the 3 years on record, from August 2020 to August 2023, income grew from $211k to $258k (+22%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Soundcheck Prevention Network sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Cedar Hill Cemetery Foundation Inc ($258k), Griffin-Spalding County United Way ($258k) and Caring Partners Inc ($258k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $86k (26% of expenses). Other salaries and wages came to $174k. At year end it held assets of $51k against liabilities of $768, net assets of $51k. It reported 4 employees.