Sarasota Academy of the Arts Inc

Analysis

Sarasota Academy of the Arts Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sarasota Academy of the Arts Inc reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $2.4m (+0.2%), an average of +0.0% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sarasota Academy of the Arts 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 89th percentile within FL. Charities of a similar size with the same main cause include West Sound Academy ($2.4m), McAllen Pregnancy Center ($2.4m) and Calumet Christian School Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 89% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $5.0m against liabilities of $3.9m, net assets of $1.0m. It reported 47 employees.