Tampa Bay Businesses for Culture and the Arts Inc

Analysis

Tampa Bay Businesses for Culture and the Arts Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 1989, 37 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 December 2023, Tampa Bay Businesses for Culture and the Arts Inc reported income of $122k and spending of $128k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $122k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tampa Bay Businesses for Culture and the Arts Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Welcome Hand ($122k), The 1911 Group Inc ($122k) and Africian American Atelier Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 130% of the total. Compensation of current officers, directors and key employees was $76k (59% of expenses). At year end it held assets of $763k against liabilities of $10k, net assets of $753k. It reported 1 employees.