Acoustic Sound Inc

Analysis

Acoustic Sound Inc is a registered charity in United States, based in Milton, WA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Acoustic Sound Inc reported income of $639k and spending of $677k, spending 106% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $563k to $639k (+14%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Acoustic Sound Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Litquake Foundation ($639k), Historic Madison Foundation Inc ($639k) and Erie Canal Museum ($639k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $88k. At year end it held assets of $471k against liabilities of $9,405, net assets of $461k. It reported 4 employees.