Sarasota Concert Association Inc

Analysis

Sarasota Concert Association Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 1987, 39 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 March 2024, Sarasota Concert Association Inc reported income of $721k and spending of $757k, spending 105% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $509k to $721k (+42%), an average of +9.1% a year. The sharpest change came in the year to March 2022, when income rose by 87%. 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 Concert Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Dayton Movies ($720k), Music on the Hill Inc ($721k) and Cast 447 Minna LLC ($720k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 34% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $156k (21% of expenses). At year end it held assets of $2.0m against liabilities of $15k, net assets of $2.0m. It reported 4 employees.