Sarasota Film Society Inc

Analysis

Sarasota Film Society Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in February 1989, 37 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 December 2023, Sarasota Film Society Inc reported income of $3.4m and spending of $3.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.4m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 308%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sarasota Film Society 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 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Museum of Contemporary Art Jacksonville Inc ($3.4m), The District Theatre Inc ($3.4m) and Indiana Dinosaur Museum ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $335k (9.1% of expenses). Other salaries and wages came to $787k. At year end it held assets of $5.7m against liabilities of $3.4m, net assets of $2.3m. It reported 64 employees.