Sarasa Inc

Analysis

Sarasa Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Sarasa Inc reported income of $96k and spending of $124k, spending 129% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $65k to $96k (+48%), an average of +48% a year. The sharpest change came in the year to August 2023, when income rose by 48%. Over the whole period it spent 154% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sarasa Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Danville Concert Association Inc ($96k), Basketball Museum of Illinois ($96k) and Fond du Lac Symphonic Band Ltd ($96k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. At year end it held assets of $258k against liabilities of $2,625, net assets of $255k.