Seniors in Service of Tampa Bay Inc

Analysis

Seniors in Service of Tampa Bay Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2023, Seniors in Service of Tampa Bay Inc reported income of $3.6m and spending of $3.8m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.6m (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seniors in Service of Tampa Bay Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.6m), Legal Outreach Inc ($3.6m) and Public Communicators Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $138k (3.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $943k against liabilities of $341k, net assets of $602k. It reported 97 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.