Sound Generations

Analysis

Sound Generations is a registered charity in United States, based in Carnation, 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 $1.7m and spending of $1.0m, leaving 42% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $441k to $1.7m (+297%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 93% 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 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Friends of Boca Grande Community Center Inc ($1.7m), Crisis Center Foundation ($1.7m) and Society of St Vincent de Paul Dist Council of Lafayette Indiana Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $199k (20% of expenses). Other salaries and wages came to $209k. At year end it held assets of $5.0m against liabilities of $2.8m, net assets of $2.2m.