Sarasota Crew Inc

Analysis

Sarasota Crew Inc is a registered charity in United States, based in Osprey, FL. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Sarasota Crew Inc reported income of $1.8m and spending of $2.0m, spending 112% of what it took in. Across the 6 years on record, from June 2020 to July 2024, income grew from $1.5m to $1.8m (+21%), an average of +3.9% a year. The sharpest change came in the year to July 2023, when income rose by 3378%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sarasota Crew Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Santa Barbara Soccer Club ($1.8m), Kenai River Sportfishing Association Inc ($1.8m) and Princeton National Rowing Association ($1.8m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 10% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $135k (6.8% of expenses). Other salaries and wages came to $435k. At year end it held assets of $4.1m against liabilities of $1.8m, net assets of $2.2m. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.