The Perlman Music Program Suncoast Inc

Analysis

The Perlman Music Program Suncoast Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Perlman Music Program Suncoast Inc reported income of $750k and spending of $872k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $750k (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Perlman Music Program Suncoast Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Nolan Ryan Foundation ($750k), Marian Cheek Jackson Center ($750k) and Discovering Amistad ($750k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $177k. At year end it held assets of $665k against liabilities of $16k, net assets of $649k. It reported 4 employees.