University of Tampa

Analysis

University of Tampa is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, University of Tampa reported income of $408.2m and spending of $361.4m, spending 89% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $327.4m to $408.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to May 2022, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Tampa sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include National University ($400.2m), Albert Einstein College of Medicine ($411.4m) and University of Arizona Global Campus ($399.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.9m (1.1% of expenses). Other salaries and wages came to $84.9m. At year end it held assets of $1.03bn against liabilities of $272.8m, net assets of $761.3m. It reported 3,544 employees.