Soundstruck NW Inc

Analysis

Soundstruck NW Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 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 (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, Soundstruck NW Inc reported income of $310k and spending of $132k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $310k (+155%), an average of +155% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soundstruck NW Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OR. Charities of a similar size with the same main cause include Association Nationale Des Senegalais D Amerique Inc ($310k), Reborn Ministries ($310k) and Pennsylvania Hias Indigent Immigrant Legal Services ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $235k against liabilities of $246, net assets of $234k.