Tampa Hillsborough Homeless Initiative

Analysis

Tampa Hillsborough Homeless Initiative is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hillsborough Homeless Initiative reported income of $9.9m and spending of $9.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $9.9m (+113%), an average of +21% a year. The sharpest change came in the year to September 2021, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tampa Hillsborough Homeless Initiative 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 Associates for Human Services Inc ($9.9m), Prime Coalition Inc ($9.9m) and Leviticus 25-23 Alternative Fund Inc ($9.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $433k (4.4% of expenses). Other salaries and wages came to $510k. At year end it held assets of $3.7m against liabilities of $1.4m, net assets of $2.3m. It reported 15 employees.