Sounds Academy is a 501(c)(3) organization based in Phoenix, Arizona, registered in 2014, with $802,464 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$802K
▲ 25.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$715K
Net assets
$444K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Sounds Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sounds Academy: 7 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Sounds Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sounds Academy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $66K (FY2015) to $802K (FY2023) across 9 reported years.
Financial snapshot
Operating margin
10.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$474K
Total liabilities
$29K
Net assets
$444K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $802,464▲25.2% | $714,665▲6.1% | $444,231▲24.6% | $473,680▲23.5% | 990 |
| 2022 | $640,937▼17.3% | $673,292▲25.9% | $356,432▼8.3% | $383,633▼3.2% | 990 |
| 2021 | $774,966▲101% | $534,939▲53.8% | $388,787▲161% | $396,269▲156% | 990 |
| 2020 | $384,848▲18.0% | $347,900▲31.5% | $148,788▲31.5% | $154,781▲17.8% | 990 |
| 2019 | $326,031▲60.8% | $264,536▲34.1% | $113,121▲119% | $131,348▲146% | 990 |
| 2018 | $202,718▲14.9% | $197,298▲35.4% | $51,626▲11.7% | $53,395▲11.3% | 990 |
| 2017 | $176,400▲122% | $145,724▲81.5% | $46,206▲198% | $47,958▲195% | 990EZ |
| 2016 | $79,486▲20.3% | $80,283▲29.8% | $15,530▲49.1% | $16,261▲48.4% | 990EZ |
| 2015 | $66,046 | $61,852 | $10,414 | $10,957 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
28 grants to Sounds Academy totaling $688K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Arizona Community Foundation | Funds will be used to help transform lives by empowering youth through teaching music and character values. we will do this by focusing on our core programs, which will set students up for success, and continue our ability in creating another pathway for | 2024 | $55,050 |
| Network For Good Inc | Unrestricted | 2024 | $47,875 |
| Valley of the Sun United Way | Program support | 2024 | $34,268 |
| Network For Good Inc | Unrestricted | 2023 | $48,553 |
| Arizona Community Foundation | General support | 2023 | $37,250 |
| Valley of the Sun United Way | Program support | 2023 | $29,650 |
| Los Angeles Philharmonic Association | Music education | 2023 | $15,000 |
| Thrivent Financial For Lutherans | General support | 2023 | $6,120 |
| Arizona Community Foundation | General support | 2022 | $36,000 |
| Valley of the Sun United Way | Program support | 2022 | $30,900 |
| Burton Family Foundation | Support towards student scholarships for the overnight summer camp at yavapai community college | 2022 | $25,000 |
| Network For Good Inc | Unrestricted | 2022 | $20,641 |
| Los Angeles Philharmonic Association | Music education | 2022 | $10,000 |
| The Blackbaud Giving Fund | General support | 2022 | $8,455 |
| Thrivent Financial For Lutherans | General support | 2022 | $5,393 |
Explore more
Data for Sounds Academy (EIN 46-3932746) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.