Islamic Education Center of Tampa Inc

Analysis

Islamic Education Center of Tampa Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Islamic Education Center of Tampa Inc reported income of $55k and spending of $78k, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $454k to $55k (-88%), an average of -50% a year. The sharpest change came in the year to December 2021, when income rose by 554%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islamic Education Center of Tampa Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Texas Comedies ($55k), Schaumburg Park Foundation ($55k) and Federal Bar Foundation of Detroit ($55k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.