Usf Management Corporation

Analysis

Usf Management Corporation is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Usf Management Corporation reported income of $6.5m and spending of $6.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.5m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 229%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Usf Management Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Council on Aging Services for Seniors ($6.5m), Lift Inc ($6.5m) and The Boat Company Ltd ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $926k. At year end it held assets of $5.4m against liabilities of $5.9m, net assets of -$553k.