Nami Sarasota and Manatee Counties Inc

Analysis

Nami Sarasota and Manatee Counties Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Nami Sarasota and Manatee Counties Inc reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $1.5m (+550%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 484%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nami Sarasota and Manatee Counties Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Word Keepers Inc ($1.5m), Youth Enrichment Services Inc ($1.5m) and First Class Learning and Development Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $127k (8.4% of expenses). Other salaries and wages came to $653k. At year end it held assets of $2.0m against liabilities of $46k, net assets of $2.0m. It reported 26 employees.