The Jewish Federation of Sarasota-Manatee Inc

Analysis

The Jewish Federation of Sarasota-Manatee Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 1970, 56 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, The Jewish Federation of Sarasota-Manatee Inc reported income of $6.2m and spending of $6.3m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $12.5m to $6.2m (-51%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Jewish Federation of Sarasota-Manatee Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include MDC Richmond American Homes Foundation ($6.2m), United Jewish Fed Endow FD TR Rev 63418202 ($6.2m) and Unidos Investment Fund Inc ($6.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 104% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $495k (7.8% of expenses). Other salaries and wages came to $1.5m. It paid $190k in professional fundraising fees. At year end it held assets of $43.9m against liabilities of $2.4m, net assets of $41.5m. It reported 38 employees.