Arts, Culture & Humanities
(A68)
IRS Verified
DX Registered
990 on File
SOUND IMPACT
Financial strength (30%)
70/100
Reliability (20%)
50/100
Effectiveness (25%)
68/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Sound Impact is a collective of musicians dedicated to serving communities and igniting positive change in the US and abroad through: Live Performance Educational Programs Creative Collaborations with other artists and art forms
Financial Overview — FY 2023
$241K
Total Revenue
$242K
Total Expenses
$72K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
67.2%
Fundraising Efficiency
N/A
Operating Reserve
3.56x
Liability-to-Asset
12.9%
Revenue Diversification
75.3%
Compared with Peers
FY 2023
Compared with 16,962 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.
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
|
67.2% | 81.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.5% | 14.0% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
21.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.6 mo | 10.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.9% | 1.9% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
75.3% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
45.2% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
66.5% | 13.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.7% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $241K | $242K | $72K | 67.2% | 0 |
| 2022 | $166K | $146K | $77K | 69.3% | — |
| 2021 | $217K | $105K | N/A | — | 1 |
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