Fine Arts Society of Sarasota Inc

Analysis

Fine Arts Society of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Fine Arts Society of Sarasota Inc reported income of $202k and spending of $125k, leaving 38% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $128k to $202k (+57%), an average of +12% a year. The sharpest change came in the year to April 2022, when income rose by 26%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fine Arts Society of Sarasota Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Will Rodgers Liver Health Organization ($202k), Coldstream-Homestead-Montebello Community Corporation ($202k) and Historical Society of Saratoga Springs ($202k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 40% and program service revenue 32% of the total. At year end it held assets of $2.0m against liabilities of -$400, net assets of $2.0m.