Friends of Carrollwood Cultural Center Inc

Analysis

Friends of Carrollwood Cultural Center Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Friends of Carrollwood Cultural Center Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $939k to $1.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to September 2022, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Carrollwood Cultural Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Ice House Skating Academy ($1.1m), Portland Tennis and Education ($1.1m) and Chinto Martial Arts Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $505k. At year end it held assets of $99k against liabilities of $68k, net assets of $31k. It reported 13 employees.