Sound Learning

Analysis

Sound Learning is a registered charity in United States, based in Shelton, WA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Sound Learning reported income of $369k and spending of $344k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $343k to $369k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sound Learning sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Loudoun Literacy Council ($369k), Carroll County Child Advocacy Center Inc ($370k) and Valley Sheltered Workshop Inc ($369k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). Other salaries and wages came to $188k. At year end it held assets of $520k against liabilities of $25k, net assets of $496k. It reported 10 employees.