Sarasota High School Mighty Sailor Band Boosters Inc

Analysis

Sarasota High School Mighty Sailor Band Boosters Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 2003, 23 years ago. 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 May 2023, Sarasota High School Mighty Sailor Band Boosters Inc reported income of $95k and spending of $105k, spending 111% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $82k to $95k (+16%), an average of +5.1% a year. The sharpest change came in the year to May 2022, when income rose by 140%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarasota High School Mighty Sailor Band Boosters Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include The Great Tao Foundation of America ($95k), PTA California Congress of Parents Teachers & Students Inc ($95k) and Round Rock Police Foundation Inc ($95k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.