Tampa Bay Blues Foundation Inc

Analysis

Tampa Bay Blues Foundation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in March 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tampa Bay Blues Foundation Inc reported income of $1.0m and spending of $780k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $805k to $1.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 241%. Over the whole period it spent 80% 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 Bay Blues Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Queen Creek Cultural Foundation Inc ($1.0m), Northwest Girl Choir ($1.0m) and Editorial Council of Journal of Prosthetic Dentistry Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. At year end it held assets of $781k against liabilities of $18k, net assets of $764k.