Tampa Bay Charities Inc

Analysis

Tampa Bay Charities Inc is a registered charity in United States, based in Indian Shores, FL. It received its IRS tax-exemption ruling in February 2012, 14 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 Charities Inc reported income of $142k and spending of $319k, spending 225% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $217k to $142k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 190% 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 Charities Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Lake Region Electric Trust ($142k), Sayre Public School Foundation ($142k) and Brainsurge Global Support Foundation Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $624k against liabilities of $1.0m, net assets of -$380k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.