Pines of Sarasota Healthcare LLC

Analysis

Pines of Sarasota Healthcare LLC is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Pines of Sarasota Healthcare LLC reported income of $28.1m and spending of $30.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $29.5m to $28.1m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pines of Sarasota Healthcare LLC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Wheeler Mission Ministries Inc ($28.1m), Association for Child Development ($28.1m) and The Shekel Association Community Services for the Disabled ($28.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.1m (3.5% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $8.3m against liabilities of $11.4m, net assets of -$3.1m. It reported 515 employees.