Tampa Bay Maritime Scholarship Foundation Inc

Analysis

Tampa Bay Maritime Scholarship Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Maritime Scholarship Foundation Inc reported income of $181k and spending of $74k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $181k (+193%), an average of +193% a year. The sharpest change came in the year to December 2023, when income rose by 193%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tampa Bay Maritime Scholarship Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Springfield Local Athletic Boosters Inc ($181k), Krum Isd Education Foundation ($181k) and Delray Beach Youth Tennis Foundation Corporation ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $500k against liabilities of $0, net assets of $500k.