Education Institute of Tampa Family

Analysis

Education Institute of Tampa Family is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Education Institute of Tampa Family reported income of $419k and spending of $836k, spending 200% of what it took in. Across the 3 years on record, from December 2022 to March 2024, income grew from $35k to $419k (+1099%), an average of +246% a year. The sharpest change came in the year to March 2024, when income rose by 2298%. Over the whole period it spent 266% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Institute of Tampa Family sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Bess the Book Bus Inc ($419k), Wheeler High School Athletic Assco ($419k) and Pruittcares Foundation Inc ($419k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 16% and program service revenue 2.4% of the total. Other salaries and wages came to $236k. At year end it held assets of $7.0m against liabilities of $7.7m, net assets of -$784k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.