Tampa School Development Corporation

Analysis

Tampa School Development Corporation is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tampa School Development Corporation reported income of $11.3m and spending of $11.0m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.0m to $11.3m (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tampa School Development Corporation 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 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Nampa Christian Schools Inc ($11.3m), Community Preparatory School ($11.3m) and Communities in Schools of Jacksonville ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $284k (2.6% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $14.3m against liabilities of $8.2m, net assets of $6.1m. It reported 202 employees.