Sarasota Military Officers Foundation Inc

Analysis

Sarasota Military Officers Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Sarasota Military Officers Foundation Inc reported income of $100k and spending of $96k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $100k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarasota Military Officers Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Sound Start Up Start Corp ($100k), Texas College of Probate Judges ($100k) and Kippers Gymnastics Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.