Sounding Joy Inc

Analysis

Sounding Joy Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Sounding Joy Inc reported income of $114k and spending of $51k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $13k to $114k (+794%), an average of +199% a year. The sharpest change came in the year to December 2022, when income rose by 421%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sounding Joy Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include George Washington Carver College Inc ($114k), Marquette Alger Reconciliation Service ($114k) and Escondido Senior Enterprises ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $139k against liabilities of $5,500, net assets of $134k.