Current of Tampa Bay Inc

Analysis

Current of Tampa Bay Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Current of Tampa Bay Inc reported income of $223k and spending of $236k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $223k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Current of Tampa Bay Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Caf Property Inc ($223k), Hillsborough Auxiliary to Peninsula Family Service ($223k) and Bainbridge Island Special Needs Foundation ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (15% of expenses). At year end it held assets of $5,818 against liabilities of $0, net assets of $5,818. It reported 2 employees.