The Sarasota Cuban Ballet School Inc

Analysis

The Sarasota Cuban Ballet School Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2014, 12 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 July 2023, The Sarasota Cuban Ballet School Inc reported income of $1.0m and spending of $931k, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $350k to $1.0m (+187%), an average of +30% a year. The sharpest change came in the year to July 2022, when income rose by 61%. Over the whole period it spent 93% 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 Sarasota Cuban Ballet School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Pocosin Arts Incorporated ($1.0m), Elevator Repair Service Theater Inc ($1.0m) and Northwest Girl Choir ($1.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $111k (12% of expenses). Other salaries and wages came to $285k. At year end it held assets of $1.3m against liabilities of $945k, net assets of $384k. It reported 8 employees.