Tampa Bay Sports Commission Inc

Analysis

Tampa Bay Sports Commission Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1998, 28 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 September 2023, Tampa Bay Sports Commission Inc reported income of $4.2m and spending of $3.8m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.4m to $4.2m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2021, when income rose by 101%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tampa Bay Sports Commission Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Asheville Buncombe Youth Soccer Association Inc ($4.1m), United States Masters Swimming Inc ($4.2m) and Whitefish Community Aquatics and Health Center ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $366k (9.6% of expenses). Other salaries and wages came to $647k. At year end it held assets of $4.1m against liabilities of $871k, net assets of $3.2m.