East Tampa Business Community Development Alliance Inc

Analysis

East Tampa Business Community Development Alliance Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, East Tampa Business Community Development Alliance Inc reported income of $4.8m and spending of $4.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $4.8m (+373%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Tampa Business Community Development Alliance Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Team Pennsylvania Foundation ($4.7m), Entrust Community Services ($4.8m) and Black Cultural Zone Community Development Corporation ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $82k. At year end it held assets of $16.0m against liabilities of $10.6m, net assets of $5.5m.