Tampa Bay Area Credit Unions for Kids Inc

Analysis

Tampa Bay Area Credit Unions for Kids Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Tampa Bay Area Credit Unions for Kids Inc reported income of $291k and spending of $302k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $312k to $291k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tampa Bay Area Credit Unions for Kids Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Eaglebank Foundation Inc ($291k), Onalaska Enhancement Foundation Inc ($291k) and Western North Carolina Real Estate Foundation Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 122% of the total. At year end it held assets of $320k against liabilities of $4,810, net assets of $315k.