Sound Affects Music

Analysis

Sound Affects Music is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in August 2021, 5 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 Affects Music reported income of $208k and spending of $179k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $208k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 95% 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 Affects Music sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Cleveland Junior Tamburitzans - Croatian Pride Inc ($208k), Old Independence Regional Museum Inc ($208k) and Allentown Band Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $70k (39% of expenses). At year end it held assets of $29k against liabilities of $0, net assets of $29k.