Community Foundation of Tampa Bay Inc

Analysis

Community Foundation of Tampa Bay Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Community Foundation of Tampa Bay Inc reported income of $160.0m and spending of $34.0m, leaving 79% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.5m to $160.0m (+244%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 358%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Tampa Bay Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include San Francisco Foundation ($159.3m), Boston Foundation Inc ($161.3m) and Donors Trust Inc ($158.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $560k (1.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $663.9m against liabilities of $62.0m, net assets of $601.8m. It reported 32 employees.