Sarasota Suncoast Academy

Analysis

Sarasota Suncoast Academy is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sarasota Suncoast Academy reported income of $10.2m and spending of $10.7m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.8m to $10.2m (+30%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sarasota Suncoast Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Step Academy ($10.2m), Franklin School of Innovation Inc ($10.2m) and Childrens Center for Communication Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $12.5m against liabilities of $10.5m, net assets of $2.0m. It reported 131 employees.