Florida Studio Theatre Inc

Analysis

Florida Studio Theatre Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1974, 52 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 September 2023, Florida Studio Theatre Inc reported income of $12.5m and spending of $11.0m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $14.2m to $12.5m (-12%), an average of -3.0% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Studio Theatre Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Historic Arnolds Park Inc ($12.5m), Sanford Laboratories for Innovative Medicines ($12.5m) and Museum of Discovery and Science Inc ($12.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $400k (3.7% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $54.0m against liabilities of $4.0m, net assets of $50.0m. It reported 300 employees.