Soundview Association

Analysis

Soundview Association is a registered charity in United States, based in Stanwood, WA. It received its IRS tax-exemption ruling in September 1991, 35 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, Soundview Association reported income of $2.2m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soundview Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Schuylkill Women in Crisis ($2.2m), Sheridan House Inc ($2.2m) and House of Mercy Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $118k (5.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $894k against liabilities of $79k, net assets of $814k. It reported 44 employees.