Tsic of Sarasota County Inc

Analysis

Tsic of Sarasota County Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tsic of Sarasota County Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $851k to $2.2m (+164%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tsic of Sarasota County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include River Oak Christian Academy Inc ($2.2m), Abintra Montessori School ($2.2m) and Yeshiva Ohr Yisrael of Atlanta Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (3.5% of expenses). Other salaries and wages came to $474k. At year end it held assets of $8.0m against liabilities of $984k, net assets of $7.0m. It reported 13 employees.