Sound Foundations NW

Analysis

Sound Foundations NW is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Foundations NW reported income of $630k and spending of $592k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $392k to $630k (+61%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sound Foundations NW 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 74th percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Bithiahs Family Services ($630k), Twin Ports Accessibility Project Inc ($630k) and Grace at the Green Light Inc ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $178k against liabilities of $0, net assets of $178k.