New York Yankees Tampa Foundation Inc

Analysis

New York Yankees Tampa Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 April 2023, New York Yankees Tampa Foundation Inc reported income of $1.3m and spending of $564k, leaving 55% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.1m to $1.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to April 2022, when income rose by 1115%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New York Yankees Tampa Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Long Island Rebels Hockey Association Ltd ($1.3m), Pike Youth Soccer Club Inc ($1.3m) and Alaska Trails ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 80% and program service revenue 2.1% of the total. At year end it held assets of $1.3m against liabilities of $430k, net assets of $873k.