Sarasota Military Academy Inc is a 501(c)(3) organization based in Sarasota, Florida, registered in 2002, with $13,449,547 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$13.4M
▼ 5.5% vs prior year
Education median: $200K
Expenses (FY2024)
$13.1M
Net assets
$11.0M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Sarasota Military Academy Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sarasota Military Academy Inc: 10 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Sarasota Military Academy Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sarasota Military Academy Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $9.3M (FY2013) to $13.4M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$20.8M
Total liabilities
$9.9M
Net assets
$11.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $13,449,547▼5.5% | $13,060,894▼5.3% | $10,951,015▲3939% | $20,846,969▼0.1% | 990 |
| 2023 | $14,232,519▲1.3% | $13,788,209▲0.9% | $271,152▼81.5% | $20,872,944▼1.1% | 990 |
| 2022 | $14,045,908▲4.7% | $13,666,329▲2.4% | $1,465,633▼7.4% | $21,115,288▲0.9% | 990 |
| 2021 | $13,409,207▼10.3% | $13,349,800▲1.1% | $1,582,387▲25.5% | $20,925,288▼7.7% | 990 |
| 2020 | $14,952,313▲15.5% | $13,208,183▲2.1% | $1,260,713▲82.0% | $22,680,421▼5.7% | 990 |
| 2019 | $12,944,388▼4.5% | $12,932,430▼8.8% | $692,842▼71.7% | $24,040,084▲1.2% | 990 |
| 2018 | $13,559,406▼9.9% | $14,173,845▼1.3% | $2,449,253▼43.6% | $23,745,088▼7.8% | 990 |
| 2017 | $15,045,487▲9.8% | $14,361,503▲7.6% | $4,342,977▲9.7% | $25,744,386▲3.0% | 990 |
| 2016 | $13,698,680▲1.7% | $13,353,093▼0.2% | $3,958,768▲4.4% | $25,003,345▲7.9% | 990 |
| 2015 | $13,472,098▲4.0% | $13,384,111▲3.9% | $3,792,533▼13.8% | $23,182,126▲60.1% | 990 |
| 2014 | $12,956,232▲38.7% | $12,878,446▲44.9% | $4,399,552▼36.1% | $14,482,994▲7.4% | 990 |
| 2013 | $9,341,657 | $8,889,346▲11.0% | $6,886,846▲6.2% | $13,489,246▲3.6% | 990 |
| 2012 | — | $8,011,960▲14.5% | $6,481,995▲196% | $13,025,074▲49.2% | 990 |
| 2011 | — | $6,999,436▲3.8% | $2,191,103▼9.6% | $8,732,628▼1.7% | 990 |
| 2010 | — | $6,741,846 | $2,424,948 | $8,884,600 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
15 grants to Sarasota Military Academy Inc totaling $708K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Midway USA Foundation Inc | To fund youth shoothing sports | 2024 | $7,288 |
| Community Foundation of Sarasota County Inc | General support, program support | 2023 | $41,645 |
| Midway USA Foundation Inc | To fund youth shooting sports | 2023 | $6,794 |
| Community Foundation of Sarasota County Inc | General support, program support | 2022 | $18,750 |
| Midway USA Foundation Inc | To fund youth shooting sports | 2022 | $7,525 |
| Community Foundation of Sarasota County Inc | Emergency assistance, general support, program support | 2021 | $25,089 |
| Midway USA Foundation Inc | To fund youth shooting sports | 2021 | $5,865 |
| Community Foundation of Sarasota County Inc | Capital purchases, general support | 2020 | $16,298 |
| Midway USA Foundation Inc | To fund youth shooting sports | 2020 | $5,739 |
| Community Foundation of Sarasota County Inc | Capital purchases, general support, program support | 2019 | $137,681 |
| Community Foundation of Sarasota County Inc | Capital purchases, program support | 2018 | $113,500 |
| Community Foundation of Sarasota County Inc | Capital purchases, general support, program support | 2017 | $86,282 |
| Community Foundation of Sarasota County Inc | General support, purchase and installation of a sun guard shade for the high school, destiny/follet literacy program, prep monument sign-to mark the street entrance of the prep middle school campus | 2016 | $99,491 |
| Community Foundation of Sarasota County Inc | Rachel wasserman: "butler student matinee" exploration through florida studio theater/ for the sarasota military academy prep school - prep media center furniture (attached)/ hellen harvey: "get reel! issues on film" exploration through let's make a documentary - phil chiochio/ specifically for pavers for the high school/ unrestricted general support | 2015 | $91,631 |
| Community Foundation of Sarasota County Inc | General support/kitchen equipment | 2014 | $44,520 |
Explore more
Data for Sarasota Military Academy Inc (EIN 65-1149763) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.