Guitar Sarasota Inc

Analysis

Guitar Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Guitar Sarasota Inc reported income of $64k and spending of $62k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $64k (+9.5%), an average of +9.5% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Guitar Sarasota Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Walton Choral Booster Club Inc ($64k), Ye Notorious Krewe of the Peg Leg Pirate Inc ($64k) and Flat Rock Creek Fall Festival Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.