Tampa Bay Black Business Initiative Fund Inc

Analysis

Tampa Bay Black Business Initiative Fund Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 1991, 35 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 September 2020, Tampa Bay Black Business Initiative Fund Inc reported income of $150k and spending of $50k, leaving 66% of income unspent that year. Across the 2 years on record, from September 2019 to September 2020, income grew from $67k to $150k (+122%), an average of +122% a year. The sharpest change came in the year to September 2020, when income rose by 122%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tampa Bay Black Business Initiative Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Childrens Acting School & Theatre Inc ($150k), New London Historical Society ($150k) and Safford High School Scholarship and Educational Foundation Inc ($150k).

On its Form 990 for the period ending September 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $847k against liabilities of $294k, net assets of $552k.