Sound Studios Olympia
EIN: 832858437 · Olympia, WA · NTEE: A6E
| Metric | Value |
|---|---|
| Total Revenue | $190K |
| Total Expenses | $190K |
| Net Assets | $13K |
Is Sound Studios Olympia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sound Studios Olympia
Sound Studios Olympia (EIN: 832858437) is a nonprofit organization based in Olympia, WA, classified under NTEE code A6E. The organization reported total revenue of $190K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sound Studios Olympia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sound Studios Olympia is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 37.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $190K |
| Surplus / Deficit | +$617 |
| Total Assets | $13K |
| Net Assets | $13K |
| Operating Margin | 0.3% |
| Months of Reserves | 0.8 months |
Financial Health Grade: A
In 2024, Sound Studios Olympia reported a surplus of $617 with revenue exceeding expenses, holds 0.8 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2022–2024), Sound Studios Olympia's revenue has grown at a compound annual growth rate (CAGR) of 37.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +33.4% | +32.1% | +4.9% |
| 2023 | +41.2% | +62.1% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sound Studios Olympia has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sound Studios Olympia with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $617, with revenue exceeding expenses.
Frequently Asked Questions about Sound Studios Olympia
Is Sound Studios Olympia a legitimate charity?
Sound Studios Olympia (EIN: 832858437) is a registered tax-exempt nonprofit based in Washington. It has 3 years of IRS 990 filings on record. Total revenue: $190K. No red flags identified. Financial health grade: A.
How does Sound Studios Olympia spend its money?
Sound Studios Olympia reported $190K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sound Studios Olympia tax-deductible?
Sound Studios Olympia is registered as a tax-exempt nonprofit (EIN: 832858437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sound Studios Olympia located?
Sound Studios Olympia is headquartered in Olympia, Washington and files with the IRS under EIN 832858437. It is classified under NTEE code A6E.
How many years of IRS 990 filings does Sound Studios Olympia have?
Sound Studios Olympia has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $190K in total revenue.
Filing History
IRS 990 filing history for Sound Studios Olympia showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Sound Studios Olympia's revenue has grown by 88.4%, moving from $101K to $190K. Total assets decreased by 2.5% over the same period, from $14K to $13K. Total functional expenses rose by 114.1%, from $89K to $190K. In its most recent filing year (2024), Sound Studios Olympia reported a surplus of $617, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $190K | $190K | $13K | $0 | — | — |
| 2023 | $143K | $144K | $13K | $0 | — | View 990 |
| 2022 | $101K | $89K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $190K, expenses of $190K, and assets of $13K (revenue +33.4% year-over-year).
- 2023: Revenue of $143K, expenses of $144K, and assets of $13K (revenue +41.2% year-over-year).
- 2022: Revenue of $101K, expenses of $89K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sound Studios Olympia:
Data Sources and Methodology
This transparency report for Sound Studios Olympia is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.