Soundview School

Analysis

Soundview School is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Soundview School reported income of $3.2m and spending of $3.4m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.6m to $3.2m (+19%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Soundview School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Bayan ($3.2m), Mi Escuela Montessori Inc ($3.2m) and Breakthrough Silicon Valley ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $252k (7.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.1m against liabilities of $3.2m, net assets of $884k. It reported 44 employees.