Tampa Bay Performing Arts Center

Analysis

Tampa Bay Performing Arts Center is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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, Tampa Bay Performing Arts Center reported income of $58.9m and spending of $54.2m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $51.3m to $58.9m (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2023, when income rose by 63%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tampa Bay Performing Arts Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Kipp St Louis ($58.9m), Tabitha Inc ($59.0m) and Vna Health Care ($58.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $1.6m (2.9% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $51.8m against liabilities of $16.7m, net assets of $35.1m. It reported 718 employees.