The Arc Tampa Bay Foundation Inc

Analysis

The Arc Tampa Bay Foundation Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Arc Tampa Bay Foundation Inc reported income of $2.1m and spending of $1.3m, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $2.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2022, when income rose by 66%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Arc Tampa Bay Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Upstate Family Resource Center ($2.1m), Hop on a Cure Foundation Inc ($2.1m) and Plymouth County Family Support Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $171k (13% of expenses). Other salaries and wages came to $55k. At year end it held assets of $21.7m against liabilities of $91k, net assets of $21.6m. It reported 3 employees.