Community Foundation of Sarasota County Inc

Analysis

Community Foundation of Sarasota County Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 1980, 46 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 June 2023, Community Foundation of Sarasota County Inc reported income of $45.8m and spending of $44.9m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $59.1m to $45.8m (-22%), an average of -8.1% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Sarasota County Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Lighthouse Guild International Inc ($45.4m), California Health Foundation and Trust ($46.0m) and Innovia Foundation ($45.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $1.5m (3.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $412.5m against liabilities of $42.0m, net assets of $370.5m. It reported 45 employees.