Tampa Port Ministries Inc

Analysis

Tampa Port Ministries Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 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 December 2022, Tampa Port Ministries Inc reported income of $168k and spending of $193k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $180k to $168k (-6.6%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tampa Port Ministries Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Supported Living Inc ($168k), Ipsahd--International Partnership for Sustainable Advances in Health ($168k) and Art Feeds ($168k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $70k (37% of expenses). At year end it held assets of $266k against liabilities of $2,173, net assets of $264k. It reported 4 employees.