Friends of the Children Tampa Bay

Analysis

Friends of the Children Tampa Bay is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 2018, 8 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 August 2023, Friends of the Children Tampa Bay reported income of $426k and spending of $1.1m, spending 263% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $722k to $426k (-41%), an average of -12% a year. The sharpest change came in the year to August 2022, when income rose by 209%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Children Tampa Bay sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include American Jump Rope Federation ($426k), Live Healthy Little Havana Inc ($427k) and Raising the Floor - US Inc ($426k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $140k (12% of expenses). Other salaries and wages came to $503k. At year end it held assets of $534k against liabilities of $171k, net assets of $363k. It reported 12 employees.