Sound

Analysis

Sound is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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 reported income of $74.9m and spending of $74.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $99.6m to $74.9m (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sound sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Compass Health ($74.8m), Unity Family Healthcare ($75.0m) and Comagine Health ($74.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.6m (2.2% of expenses). Other salaries and wages came to $36.9m. At year end it held assets of $94.2m against liabilities of $34.0m, net assets of $60.2m. It reported 786 employees.