Sound Employment Services

Analysis

Sound Employment Services is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Employment Services reported income of $396k and spending of $268k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $396k (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sound Employment Services sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Spring Branch Human Resources Partnership Inc ($395k), Mediation Center of Dutchess County Inc ($396k) and Leadership Medina County ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (24% of expenses). Other salaries and wages came to $105k. At year end it held assets of $366k against liabilities of $48k, net assets of $318k. It reported 3 employees.