University Area Community Development Corporation Inc

Analysis

University Area Community Development Corporation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, University Area Community Development Corporation Inc reported income of $6.2m and spending of $6.5m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $6.2m (+7.1%), an average of +1.7% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University Area Community Development Corporation 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 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Peninsula Services ($6.2m), Pathforward Inc ($6.2m) and Accessity ($6.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $689k (11% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $12.3m against liabilities of $3.6m, net assets of $8.7m. It reported 64 employees.