Tampa Caribbean Festival Inc

Analysis

Tampa Caribbean Festival Inc is a registered charity in United States, based in Wesley Chapel, FL. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Caribbean Festival Inc reported income of $206k and spending of $171k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42k to $206k (+390%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 1495%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tampa Caribbean Festival Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Texas Accountants & Lawyers for the Arts ($206k), Pittsburgh Youth Concert Orchestra ($206k) and California 9-11 Memorial ($206k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10k against liabilities of $261k, net assets of -$250k.