Miano Academy of Art Inc Sorcha Augustine

Analysis

Miano Academy of Art Inc Sorcha Augustine is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miano Academy of Art Inc Sorcha Augustine reported income of $225k and spending of $203k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $227k to $225k (-0.8%), an average of -0.2% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miano Academy of Art Inc Sorcha Augustine sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Langley Flight Foundation ($225k), Writers Garret ($225k) and Parsons Nose Productions ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $72k (36% of expenses). At year end it held assets of $77k against liabilities of $1,660, net assets of $75k. It reported 1 employees.