Sound Generations

Analysis

Sound Generations is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1982, 44 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, Sound Generations reported income of $18.4m and spending of $18.4m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $11.1m to $18.4m (+66%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sound Generations sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Chaddock ($18.4m), Shalom Park ($18.4m) and Smile Payee Services Inc ($18.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $1.5m (8.2% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $19.3m against liabilities of $8.3m, net assets of $11.0m. It reported 247 employees.