Faith Tampa Bay Inc

Analysis

Faith Tampa Bay Inc is a registered charity in United States, based in Wesley Chapel, FL. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Faith Tampa Bay Inc reported income of $60k and spending of $83k, spending 138% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $306k to $60k (-81%), an average of -56% a year. The sharpest change came in the year to December 2021, when income dropped by 63%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Tampa Bay Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Misioneras de Jesus Crucificado ($60k), Tabernaculo de Avivamiento Cristo Rey Inc ($60k) and Latin America Missions Church Fund ($60k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.