Artist Series Concerts of Sarasota Inc

Analysis

Artist Series Concerts of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in September 2002, 24 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 (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 2024, Artist Series Concerts of Sarasota Inc reported income of $751k and spending of $611k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $479k to $751k (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artist Series Concerts of Sarasota Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include McMinn County Living Heritage Museum Inc ($751k), Friends of John Jay Homestead ($751k) and LA Pena Cultural Center Inc ($751k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.2m against liabilities of $64k, net assets of $1.2m. It reported 3 employees.