Pines of Sarasota Inc

Analysis

Pines of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 1949, 77 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 Inc reported income of $366k and spending of $3.1m, spending 855% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $589k to $366k (-38%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income rose by 22546%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pines of Sarasota Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Lasting Smiles Uganda ($366k), Respite Care of Charleston ($366k) and Caring Pathways of Carrollton ($365k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 106% of the total. At year end it held assets of $50.9m against liabilities of $5.5m, net assets of $45.3m.