Tampa Bay Black Heritage Festival Inc

Analysis

Tampa Bay Black Heritage Festival Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 2002, 24 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 June 2024, Tampa Bay Black Heritage Festival Inc reported income of $371k and spending of $413k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $292k to $371k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 107% 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 Black Heritage Festival Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Greater West U Area Sportsassociation ($371k), Andover Football Association Inc ($371k) and Hockey in New Jersey Inc ($371k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $4,054 against liabilities of $54k, net assets of -$50k.