Sarasota Ballet of Florida Inc

Analysis

Sarasota Ballet of Florida Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 1990, 36 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 May 2023, Sarasota Ballet of Florida Inc reported income of $9.1m and spending of $9.0m, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $6.6m to $9.1m (+38%), an average of +8.3% a year. The sharpest change came in the year to May 2021, when income rose by 26%. Over the whole period it spent 85% 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 Ballet of Florida Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Repertory Theatre of St Louis ($9.1m), Orange County Museum of Art ($9.1m) and Omaha Symphony Association ($9.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $926k (10% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $14.9m against liabilities of $3.2m, net assets of $11.7m. It reported 123 employees.