Tampa Bay Research Institute Inc

Analysis

Tampa Bay Research Institute Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 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 March 2024, Tampa Bay Research Institute Inc reported income of $559k and spending of $675k, spending 121% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $276k to $559k (+102%), an average of +19% a year. The sharpest change came in the year to March 2022, when income rose by 146%. Over the whole period it spent 183% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tampa Bay Research Institute Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Ohio Cpa Foundation ($559k), Center for Neurological Development Inc ($559k) and Alcoholism & Addiction Assistance Association Inc ($559k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $333k. At year end it held assets of $1.4m against liabilities of $268k, net assets of $1.1m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.