Art Center Sarasota
EIN: 590706844 · Sarasota, FL · NTEE: A26Z
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $818K |
| Net Assets | $1.4M |
Is Art Center Sarasota Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Art Center Sarasota
Art Center Sarasota (EIN: 590706844) is a nonprofit organization based in Sarasota, FL, classified under NTEE code A26Z. The organization reported total revenue of $1.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art Center Sarasota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art Center Sarasota is a mid-size nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $860K |
| Total Expenses | $818K |
| Surplus / Deficit | +$42K |
| Total Assets | $1.5M |
| Total Liabilities | $76K |
| Net Assets | $1.4M |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, Art Center Sarasota reported a surplus of $42K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Art Center Sarasota's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.4% | +26.6% | -4.7% |
| 2022 | +116.6% | +47.2% | +14.7% |
| 2021 | -5.0% | -8.1% | -11.8% |
| 2020 | -26.9% | -24.4% | -7.4% |
| 2019 | +8.5% | -0.2% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1943 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Art Center Sarasota has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Art Center Sarasota with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Frequently Asked Questions about Art Center Sarasota
Is Art Center Sarasota a legitimate charity?
Based on AI analysis of IRS 990 filings, Art Center Sarasota (EIN: 590706844) insufficient data. 0 red flags identified, 0 strengths noted.
How does Art Center Sarasota spend its money?
Detailed spending breakdown data is not yet available for Art Center Sarasota. Check back for updated IRS 990 analysis.
Are donations to Art Center Sarasota tax-deductible?
Art Center Sarasota is registered as a tax-exempt nonprofit (EIN: 590706844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Art Center Sarasota located?
Art Center Sarasota is headquartered in Sarasota, Florida and files with the IRS under EIN 590706844. It is classified under NTEE code A26Z.
How many years of IRS 990 filings does Art Center Sarasota have?
Art Center Sarasota has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Art Center Sarasota showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Art Center Sarasota's revenue has grown by 88.1%, moving from $457K to $860K. Total assets increased by 158.4% over the same period, from $590K to $1.5M. Total functional expenses rose by 104.3%, from $400K to $818K. In its most recent filing year (2023), Art Center Sarasota reported a surplus of $42K, with revenue exceeding expenses. The organization holds $76K in liabilities against $1.5M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $860K | $818K | $1.5M | $76K | — | View 990 |
| 2022 | $982K | $646K | $1.6M | $59K | — | View 990 |
| 2021 | $453K | $439K | $1.4M | $55K | — | View 990 |
| 2020 | $477K | $478K | $1.6M | $122K | — | View 990 |
| 2019 | $652K | $632K | $1.7M | $114K | — | View 990 |
| 2018 | $601K | $633K | $1.8M | $58K | — | View 990 |
| 2017 | $570K | $592K | $1.9M | $50K | — | View 990 |
| 2016 | $633K | $562K | $2.1M | $73K | — | View 990 |
| 2015 | $519K | $563K | $2.2M | $92K | — | View 990 |
| 2014 | $535K | $503K | $2.3M | $55K | — | View 990 |
| 2013 | $500K | $385K | $442K | $48K | — | View 990 |
| 2012 | $413K | $434K | $455K | $37K | — | View 990 |
| 2011 | $457K | $400K | $590K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $860K, expenses of $818K, and assets of $1.5M (revenue -12.4% year-over-year).
- 2022: Revenue of $982K, expenses of $646K, and assets of $1.6M (revenue +116.6% year-over-year).
- 2021: Revenue of $453K, expenses of $439K, and assets of $1.4M (revenue -5.0% year-over-year).
- 2020: Revenue of $477K, expenses of $478K, and assets of $1.6M (revenue -26.9% year-over-year).
- 2019: Revenue of $652K, expenses of $632K, and assets of $1.7M (revenue +8.5% year-over-year).
- 2018: Revenue of $601K, expenses of $633K, and assets of $1.8M (revenue +5.4% year-over-year).
- 2017: Revenue of $570K, expenses of $592K, and assets of $1.9M (revenue -9.9% year-over-year).
- 2016: Revenue of $633K, expenses of $562K, and assets of $2.1M (revenue +21.9% year-over-year).
- 2015: Revenue of $519K, expenses of $563K, and assets of $2.2M (revenue -3.0% year-over-year).
- 2014: Revenue of $535K, expenses of $503K, and assets of $2.3M (revenue +7.0% year-over-year).
- 2013: Revenue of $500K, expenses of $385K, and assets of $442K (revenue +21.1% year-over-year).
- 2012: Revenue of $413K, expenses of $434K, and assets of $455K (revenue -9.7% year-over-year).
- 2011: Revenue of $457K, expenses of $400K, and assets of $590K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art Center Sarasota:
Data Sources and Methodology
This transparency report for Art Center Sarasota is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.