Sarasota African American Cultural Coalition Inc

Analysis

Sarasota African American Cultural Coalition Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2019, 7 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 (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 2022, Sarasota African American Cultural Coalition Inc reported income of $313k and spending of $174k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $104k to $313k (+201%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sarasota African American Cultural Coalition Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include National Society of Colonial Dames of America in the State of NH ($313k), Historic Wendover Airfield Inc ($313k) and Chatham Arch Neighborhood Foundation Inc ($313k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (63% of expenses). At year end it held assets of $555k against liabilities of $118k, net assets of $436k. It reported 1 employees.