Minority Enterprise Development Corporation of Tampa Bay Inc

Analysis

Minority Enterprise Development Corporation of Tampa Bay Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Minority Enterprise Development Corporation of Tampa Bay Inc reported income of $80k and spending of $69k, spending 87% of its income. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minority Enterprise Development Corporation of Tampa Bay Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include SVRC Industries Inc Foundation ($80k), DC Strong ($80k) and Life Skills of Nebraska Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.