Tampa Bay Bowl Association Inc

Analysis

Tampa Bay Bowl Association Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 1987, 39 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 January 2024, Tampa Bay Bowl Association Inc reported income of $11.4m and spending of $12.5m, spending 109% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $11.4m to $11.4m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to January 2022, when income rose by 79%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tampa Bay Bowl Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Suwannee River Economic Council Inc ($11.4m), Merced Housing Texas ($11.4m) and Hospice & Palliative Care of the Blue Ridge Inc ($11.4m).

On its Form 990 for the period ending January 2024, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.0m (8.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $12.3m against liabilities of $5.3m, net assets of $7.0m. It reported 18 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.