Suncoast School for Innovative Studies Inc

Analysis

Suncoast School for Innovative Studies Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 2000, 26 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, Suncoast School for Innovative Studies Inc reported income of $2.3m and spending of $2.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $2.3m (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suncoast School for Innovative Studies Inc sits at the 83rd percentile: it is larger than about 83% 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 Blue Ribbon Results Child Care Center Inc ($2.3m), Artistyear ($2.3m) and Indian Cultural Organization ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $17k (0.7% of expenses). Other salaries and wages came to $914k. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $369k. It reported 10 employees.