Sarasota Memorial Healthcare Foundation

Analysis

Sarasota Memorial Healthcare Foundation is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Sarasota Memorial Healthcare Foundation reported income of $18.4m and spending of $9.4m, leaving 49% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.3m to $18.4m (+13%), an average of +3.0% a year. The sharpest change came in the year to September 2020, when income rose by 191%. Over the whole period it spent 39% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sarasota Memorial Healthcare Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Eastern Iowa Health Center ($18.4m), Futuro Health ($18.4m) and Affiliated Sante Group ($18.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $357k (3.8% of expenses). Other salaries and wages came to $1.2m. It paid $38k in professional fundraising fees. At year end it held assets of $139.0m against liabilities of $10.7m, net assets of $128.3m. It reported 13 employees.