Tampa Bay Academy of Hope Inc

Analysis

Tampa Bay Academy of Hope Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Tampa Bay Academy of Hope Inc reported income of $475k and spending of $558k, spending 117% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.3m to $475k (-62%), an average of -28% a year. The sharpest change came in the year to June 2022, when income dropped by 52%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tampa Bay Academy of Hope Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Labi Foundation ($475k), High Speed Rail Alliance Inc ($475k) and Mudgirls Studios ($475k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $276k. At year end it held assets of $214k against liabilities of $0, net assets of $214k. It reported 15 employees.