Sarasota Institute of Lifetime Learning Inc

Analysis

Sarasota Institute of Lifetime Learning Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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, Sarasota Institute of Lifetime Learning Inc reported income of $390k and spending of $331k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $418k to $390k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income dropped by 51%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarasota Institute of Lifetime Learning Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Billys Homeplace Inc ($390k), Path Inc ($390k) and Afro Charities Inc ($390k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $9,500 (2.9% of expenses). At year end it held assets of $1.7m against liabilities of $15k, net assets of $1.6m.