Sounding Point Foundation Corp

Analysis

Sounding Point Foundation Corp is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in August 2022, 4 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, Sounding Point Foundation Corp reported income of $60k and spending of $45k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $60k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sounding Point Foundation Corp sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include Jack Nicklaus Museum Inc ($60k), Art and Beyond Inc ($60k) and Central Heritage Society ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.