Class Source of Tampa Inc

Analysis

Class Source of Tampa Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Class Source of Tampa Inc reported income of $96k and spending of $109k, spending 114% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $113k to $96k (-15%), an average of -15% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Class Source of Tampa Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Mongolia Education Foundation ($96k), So You Want to Change the World ($96k) and Black Culinarian Alliance Inc ($96k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $61k against liabilities of $29k, net assets of $33k.