Heart Gallery of Tampa Inc

Analysis

Heart Gallery of Tampa Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2017, 9 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 2023, Heart Gallery of Tampa Inc reported income of $537k and spending of $589k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $537k (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart Gallery of Tampa Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Guadalupe Community Center of San Antonio Tex ($537k), Isaiah House Inc ($537k) and Oak Lane Day Care Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $82k (14% of expenses). Other salaries and wages came to $246k. At year end it held assets of $1.3m against liabilities of $161k, net assets of $1.1m. It reported 6 employees.