Tampa Bay Community Development Corporation

Analysis

Tampa Bay Community Development Corporation is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Bay Community Development Corporation reported income of $941k and spending of $1.0m, spending 109% of what it took in. Across the 6 years on record, from March 2019 to December 2023, income fell from $2.8m to $941k (-67%), an average of -20% a year. The sharpest change came in the year to March 2020, when income dropped by 69%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tampa Bay Community Development Corporation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Wesley Manor Retirement Community Inc ($940k), Raise-Op Housing Cooperative ($941k) and Housing Our Veterans Inc ($939k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $124k (12% of expenses). Other salaries and wages came to $377k. At year end it held assets of $3.4m against liabilities of $2.6m, net assets of $886k. It reported 12 employees.