Life Sounds Audiology Inc

Analysis

Life Sounds Audiology Inc is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Life Sounds Audiology Inc reported income of $695k and spending of $463k, leaving 33% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income grew from $191k to $695k (+263%), an average of +91% a year. The sharpest change came in the year to May 2024, when income rose by 104%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Sounds Audiology Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Knock Knock Give a Sock ($695k), Ems Inc ($695k) and East Side Child Care Center Inc ($695k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $319k against liabilities of $98k, net assets of $222k.