Tampa Realistic Artists Inc

Analysis

Tampa Realistic Artists Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1968, 58 years ago. 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 December 2023, Tampa Realistic Artists Inc reported income of $113k and spending of $56k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $113k (+319%), an average of +319% a year. The sharpest change came in the year to December 2023, when income rose by 319%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tampa Realistic Artists Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Garrison Speed Shop Inc ($113k), Music Association of Minnetonka ($113k) and Friends of the Orphanages Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. At year end it held assets of $175k against liabilities of $7,223, net assets of $168k.