Tampa Bay Academy Inc
EIN: 814535354 · Tampa, FL
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $916K |
| Net Assets | $232K |
Is Tampa Bay Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tampa Bay Academy Inc
Tampa Bay Academy Inc (EIN: 814535354) is a nonprofit organization based in Tampa, FL. The organization reported total revenue of $1.9M and total assets of $281K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tampa Bay Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tampa Bay Academy Inc is a mid-size nonprofit that has been operating for 5 years, with 5 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 58.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $862K |
| Total Expenses | $916K |
| Surplus / Deficit | $-53,761 |
| Total Assets | $232K |
| Net Assets | $232K |
| Operating Margin | -6.2% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Tampa Bay Academy Inc reported a deficit of $54K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate).
Financial Trends
Over 5 years of filings (2017–2023), Tampa Bay Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 58.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.4% | +56.9% | +236.3% |
| 2020 | +19.7% | +18.7% | -18.3% |
| 2019 | +67.5% | +121.5% | -23.1% |
| 2018 | +410.2% | +121.1% | +105.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tampa Bay Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tampa Bay Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $54K, with expenses exceeding revenue.
Frequently Asked Questions about Tampa Bay Academy Inc
Is Tampa Bay Academy Inc a legitimate charity?
Tampa Bay Academy Inc (EIN: 814535354) is a registered tax-exempt nonprofit based in Florida. It has 5 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: B.
How does Tampa Bay Academy Inc spend its money?
Tampa Bay Academy Inc reported $1.9M in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tampa Bay Academy Inc tax-deductible?
Tampa Bay Academy Inc is registered as a tax-exempt nonprofit (EIN: 814535354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tampa Bay Academy Inc located?
Tampa Bay Academy Inc is headquartered in Tampa, Florida and files with the IRS under EIN 814535354.
How many years of IRS 990 filings does Tampa Bay Academy Inc have?
Tampa Bay Academy Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Filing History
IRS 990 filing history for Tampa Bay Academy Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2017–2023), Tampa Bay Academy Inc's revenue has grown by 1480.1%, moving from $55K to $862K. Total assets increased by 334.2% over the same period, from $53K to $232K. Total functional expenses rose by 811.8%, from $100K to $916K. In its most recent filing year (2023), Tampa Bay Academy Inc reported a deficit of $54K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $862K | $916K | $232K | $0 | — | — |
| 2020 | $559K | $584K | $69K | $0 | — | View 990 |
| 2019 | $467K | $492K | $84K | $0 | — | — |
| 2018 | $279K | $222K | $110K | $0 | — | — |
| 2017 | $55K | $100K | $53K | $99K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $862K, expenses of $916K, and assets of $232K (revenue +54.4% year-over-year).
- 2020: Revenue of $559K, expenses of $584K, and assets of $69K (revenue +19.7% year-over-year).
- 2019: Revenue of $467K, expenses of $492K, and assets of $84K (revenue +67.5% year-over-year).
- 2018: Revenue of $279K, expenses of $222K, and assets of $110K (revenue +410.2% year-over-year).
- 2017: Revenue of $55K, expenses of $100K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tampa Bay Academy Inc:
Data Sources and Methodology
This transparency report for Tampa Bay Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.