Soundscapes Inc
EIN: 271923247 · Newport News, VA · NTEE: A68
Is Soundscapes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Soundscapes Inc
Soundscapes Inc (EIN: 271923247) is a nonprofit organization based in Newport News, VA, classified under NTEE code A68. The organization reported total revenue of $1.5M and total assets of $691K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soundscapes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soundscapes Inc is a mid-size nonprofit that has been operating for 13 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$101K |
| Total Assets | $594K |
| Total Liabilities | $101K |
| Net Assets | $494K |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2024, Soundscapes Inc reported a surplus of $101K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Soundscapes Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +65.5% | +44.2% | +27.6% |
| 2023 | +0.9% | +14.0% | -9.1% |
| 2022 | +16.6% | +31.2% | -13.3% |
| 2021 | -1.7% | -3.2% | +48.2% |
| 2020 | +33.0% | +18.4% | +95.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Soundscapes Inc 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 Soundscapes Inc 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 $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Frequently Asked Questions about Soundscapes Inc
Is Soundscapes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Soundscapes Inc (EIN: 271923247) insufficient data. 0 red flags identified, 0 strengths noted.
How does Soundscapes Inc spend its money?
Detailed spending breakdown data is not yet available for Soundscapes Inc. Check back for updated IRS 990 analysis.
Are donations to Soundscapes Inc tax-deductible?
Soundscapes Inc is registered as a tax-exempt nonprofit (EIN: 271923247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Soundscapes Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Soundscapes Inc's revenue has grown by 489.6%, moving from $251K to $1.5M. Total assets increased by 3728.2% over the same period, from $16K to $594K. Total functional expenses rose by 470.5%, from $242K to $1.4M. In its most recent filing year (2024), Soundscapes Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $101K in liabilities against $594K in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $494K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $1.4M | $594K | $101K | — | View 990 |
| 2023 | $893K | $956K | $466K | $73K | — | View 990 |
| 2022 | $885K | $838K | $512K | $57K | — | View 990 |
| 2021 | $759K | $639K | $591K | $183K | — | View 990 |
| 2020 | $772K | $661K | $399K | $111K | — | View 990 |
| 2019 | $581K | $558K | $204K | $27K | — | View 990 |
| 2018 | $543K | $515K | $157K | $4K | — | View 990 |
| 2017 | $509K | $490K | $129K | $3K | — | View 990 |
| 2016 | $458K | $441K | $112K | $5K | — | View 990 |
| 2015 | $399K | $392K | $107K | $17K | — | View 990 |
| 2014 | $402K | $335K | $98K | $15K | — | View 990 |
| 2013 | $304K | $267K | $45K | $29K | — | View 990 |
| 2012 | $251K | $242K | $16K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.5M, expenses of $1.4M, and assets of $594K (revenue +65.5% year-over-year).
- 2023: Revenue of $893K, expenses of $956K, and assets of $466K (revenue +0.9% year-over-year).
- 2022: Revenue of $885K, expenses of $838K, and assets of $512K (revenue +16.6% year-over-year).
- 2021: Revenue of $759K, expenses of $639K, and assets of $591K (revenue -1.7% year-over-year).
- 2020: Revenue of $772K, expenses of $661K, and assets of $399K (revenue +33.0% year-over-year).
- 2019: Revenue of $581K, expenses of $558K, and assets of $204K (revenue +7.0% year-over-year).
- 2018: Revenue of $543K, expenses of $515K, and assets of $157K (revenue +6.6% year-over-year).
- 2017: Revenue of $509K, expenses of $490K, and assets of $129K (revenue +11.1% year-over-year).
- 2016: Revenue of $458K, expenses of $441K, and assets of $112K (revenue +14.9% year-over-year).
- 2015: Revenue of $399K, expenses of $392K, and assets of $107K (revenue -0.8% year-over-year).
- 2014: Revenue of $402K, expenses of $335K, and assets of $98K (revenue +32.4% year-over-year).
- 2013: Revenue of $304K, expenses of $267K, and assets of $45K (revenue +21.1% year-over-year).
- 2012: Revenue of $251K, expenses of $242K, and assets of $16K.
Data Sources and Methodology
This transparency report for Soundscapes Inc 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.