Sound Foundations of Rochester Inc

Analysis

Sound Foundations of Rochester Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 of Rochester Inc reported income of $507k and spending of $434k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $507k (+348%), an average of +348% a year. The sharpest change came in the year to December 2023, when income rose by 348%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sound Foundations of Rochester Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Mirus Academy ($507k), Parent Booster USA Inc ($507k) and Horizons of Kent and Queen Annes Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $217k (50% of expenses). Other salaries and wages came to $84k. At year end it held assets of $110k against liabilities of $10k, net assets of $99k. It reported 2 employees.