Sounds True Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 115,450 | 97,261 | 18,189 | 2.2 | — |
| 2019 | 445,258 | 384,912 | 60,346 | 2.4 | 11% |
| 2020 | 1,382,634 | 892,029 | 490,605 | 7.7 | 0% |
| 2021 | 807,171 | 866,523 | −59,352 | 7.1 | 0% |
| 2022 | 892,732 | 965,881 | −73,149 | 5.4 | 0% |
| 2023 | 552,291 | 685,946 | −133,655 | 5.3 | 0% |
In its most recent public year (2023), this organization spent $133,655 more than it brought in. Its reserves stood at about 5.3 months of spending, up from 2.2 in 2018. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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