FC Sarasota Inc

Analysis

FC Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, FC Sarasota Inc reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $620k to $1.1m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FC Sarasota Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Wasatch Freestyle Foundation Inc ($1.1m), Heart of a Champion ($1.1m) and Interscholastic Athletic Conference Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $139k (12% of expenses). Other salaries and wages came to $462k. At year end it held assets of $828k against liabilities of $254k, net assets of $575k. It reported 27 employees.