Sarasota Film Festival Inc

Analysis

Sarasota Film Festival Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1999, 27 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 2022, Sarasota Film Festival Inc reported income of $477k and spending of $594k, spending 125% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $638k to $477k (-25%), an average of -9.3% a year. The sharpest change came in the year to June 2020, when income dropped by 51%. Over the whole period it spent 104% 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 Film Festival Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Winchester Community Access and Media Inc ($476k), Young Actors Theatre ($477k) and Ngoma Center for Dance ($476k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $48k against liabilities of $240k, net assets of -$192k.