Family Extended Care of Sarasota Inc

Analysis

Family Extended Care of Sarasota Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Family Extended Care of Sarasota Inc reported income of $2.3m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Extended Care of Sarasota Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Ohio County & Independent Agricultural Societies ($2.3m), Family Resource Center Association Inc ($2.3m) and Lower West Side Household Services Corp ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 87% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $3.1m, net assets of -$1.7m. It reported 74 employees.