Center for Aging and Rehabilitation of Sarasota Inc

Analysis

Center for Aging and Rehabilitation of Sarasota Inc is a registered charity in United States, based in Oakland Park, FL. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Center for Aging and Rehabilitation of Sarasota Inc reported income of $8.9m and spending of $9.5m, spending 106% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $1.1m to $8.9m (+706%), an average of +184% a year. The sharpest change came in the year to December 2021, when income rose by 660%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Aging and Rehabilitation of Sarasota 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 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Martin Luther King Jr Health Associates ($8.9m), Community Counseling Center of Ashtabula County ($8.9m) and Charlevoix Nursing Home Corporation ($8.9m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.6m against liabilities of $4.4m, net assets of -$2.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.