Human Services
(P58)
IRS Verified
DX Registered
990 on File
SONGS OF LOVE FOUNDATION
Financial strength (30%)
71/100
Reliability (20%)
55/100
Effectiveness (25%)
87/100
Impact (25%)
65/100
CharityAI™ Score
Not yet evaluated
Mission Statement
The Songs of Love Foundation, a national nonprofit 501(c)(3) organization, crafts free, personalized, original songs to uplift children and teens who are currently navigating tough medical, physical, or emotional challenges. Each “song of love” is crafted with professional quality, incorporating the child’s name and references to their favorite activities, things, people, and pets. The songs are created in any language and musical style preferred by the child—be it kids, pop, R&B, rap, rock, alternative, or more. The result is a high-quality musical experience designed to bring joy and comfort to each child.
Financial Overview — FY 2024
$496K
Total Revenue
$696K
Total Expenses
$1.9M
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
79.1%
Fundraising Efficiency
197.7%
Operating Reserve
32.93x
Liability-to-Asset
2.0%
Revenue Diversification
71.6%
Compared with Peers
FY 2024
Compared with 15,047 similar organizations
(United States, Human Services, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.1% | 86.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.9% | 10.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
197.7% | 15.8% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
32.9 mo | 8.4 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.0% | 1.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
71.6% | 96.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-19.8% | 7.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-12.9% | 8.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-40.2% | 2.1% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Children and teens aged 1-21 to received a personalized "song of love" free of charge | 3,000 | $250.00 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $496K | $696K | $1.9M | 79.1% | 2 |
| 2023 | $619K | $800K | $2.1M | 83.2% | 2 |
| 2022 | $1.3M | $633K | $2.3M | 75.0% | 2 |
| 2021 | $547K | $570K | N/A | — | 2 |
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