Arts, Culture & Humanities (A68) IRS Verified DX Registered 990 on File

SARASOTA MUSIC CONSERVATORY INC

EIN: 45-4180504 · SARASOTA, FL 34236-4915 · United States · FY 2024 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 89/100

Reliability (20%) 50/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Sarasota Music Conservatory is dedicated to providing the highest standard of music education and performance programs to our community. Through young artist programs, lessons, masterclasses, recitals, and interactions between world-class professional musicians and aspiring young talents, we proudly bring the only Music Conservatory to Southwest Florida. We strive to create an environment of excellence in educational, artistic, and cultural programs that celebrates diversity and embraces individuals of all races, ethnicities, genders, abilities, and socio-economic backgrounds. We are committed to make a positive and lasting impact on the lives of our students and the cultural landscape of our community.

Financial Overview — FY 2024

$306K

Total Revenue

$309K

Total Expenses

$63K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 83.5%

Fundraising Efficiency N/A

Operating Reserve 2.46x

Liability-to-Asset 0.4%

Revenue Diversification 73.6%

Executive Compensation $61K

Compared with Peers

FY 2024

Compared with 12,711 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	83.5%	82.0%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	11.1%	14.1%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	5.4%	0.0%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	2.5 mo	9.8 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.4%	1.8%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	73.6%	79.8%	P10P90	Above median
Revenue growth Year over year revenue growth	15.6%	8.1%	P10P90
Expense growth Year over year expense growth	5.3%	8.8%	P10P90
Surplus margin Surplus as a share of revenue	-1.0%	1.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2024	$306K	$309K	$63K	83.5%
2023	$264K	$293K	$66K	84.1%
2022	$258K	$251K	$95K	83.2%
2021	$214K	$213K	N/A	—

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Organization Details

EIN: 45-4180504
State: FL
City: SARASOTA
ZIP: 34236-4915
Classification: A68
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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