Sarasota Concert Band Inc

Analysis

Sarasota Concert Band Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 1959, 67 years ago. 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, Sarasota Concert Band Inc reported income of $64k and spending of $72k, spending 113% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $58k to $64k (+11%), an average of +11% a year. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarasota Concert Band Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include 1lt Rob Seidel Wounded Soldiers Fund Inc ($64k), PTA California Congress of Parents Teachers & Students Inc ($64k) and State of Maine Caddie Scholarship Fund ($64k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.