Tampa Bay Thrives

Analysis

Tampa Bay Thrives is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Tampa Bay Thrives reported income of $2.3m and spending of $2.4m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $2.3m (+648%), an average of +65% a year. The sharpest change came in the year to December 2020, when income rose by 1069%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tampa Bay Thrives sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Central Lincoln County Ambulance Service Inc ($2.3m), Tenth District Substance Abuse Program ($2.3m) and Society for Cardiovascular ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $199k (8.2% of expenses). Other salaries and wages came to $223k. It paid $75k in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $228k, net assets of $3.7m. It reported 5 employees.