Womans Exchange Inc of Sarasota

Analysis

Womans Exchange Inc of Sarasota is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 1970, 56 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Womans Exchange Inc of Sarasota reported income of $4.2m and spending of $4.2m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.4m to $4.2m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Womans Exchange Inc of Sarasota sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Western Virginia Foundation for the Arts and Sciences ($4.2m), Merry-Go-Round Playhouse Inc ($4.2m) and Technovation ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.3% and program service revenue 90% of the total. Other salaries and wages came to $726k. At year end it held assets of $4.8m against liabilities of $474k, net assets of $4.4m. It reported 25 employees.