Mangrove School of Sarasota Inc

Analysis

Mangrove School of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 2002, 24 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, Mangrove School of Sarasota Inc reported income of $810k and spending of $897k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $492k to $810k (+65%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mangrove School of Sarasota Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Evergreen Development Network ($810k), One Room School ($810k) and Kenya Keys ($810k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $173k (19% of expenses). Other salaries and wages came to $415k. At year end it held assets of $608k against liabilities of $493k, net assets of $115k.