Sarasota School of Arts and Science Inc

Analysis

Sarasota School of Arts and Science Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sarasota School of Arts and Science Inc reported income of $8.7m and spending of $8.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.7m (+19%), an average of +4.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sarasota School of Arts and Science Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Venture Academies ($8.7m), Hartford International University for Religion and Peace ($8.7m) and Urban Pathways 6-12 Charter School ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $503k (6.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $12.0m against liabilities of $8.7m, net assets of $3.3m. It reported 74 employees.