Tampa Bay Library Consortium Inc

Analysis

Tampa Bay Library Consortium Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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 September 2023, Tampa Bay Library Consortium Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.0m to $1.8m (-13%), an average of -3.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tampa Bay Library Consortium Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Womens Business Enterprise Center East ($1.8m), Humboldt Plaza Corporation ($1.8m) and The Orange County Council on Alcoholism Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $439k. At year end it held assets of $1.3m against liabilities of $150k, net assets of $1.2m. It reported 15 employees.