Recreation & Sports
(N52)
IRS Verified
DX Registered
990 on File
TAMPA BAY BLACK HERITAGE FESTIVAL INC
Financial strength (30%)
62/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Tampa Bay Black Heritage Festival (TBBHF/The Festival) is an annual cultural event that features speakers, musicians, artists, poets and craftspeople locally and nationally. The festival traditionally begins the week-end before the Dr. Martin Luther King, Jr. holiday and extends through the month of April. It’s programming promotes education and cultural sensitivity. Each signature event provides both children and adults with an opportunity to increase their awareness of African and African-American culture and history. This event strives to increase the arts and cultural experiences of its diaspora.
Financial Overview — FY 2025
$451K
Total Revenue
$452K
Total Expenses
$-32,750
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
91.7%
Fundraising Efficiency
N/A
Operating Reserve
-0.87x
Liability-to-Asset
310.4%
Revenue Diversification
88.5%
Compared with Peers
FY 2025
Compared with 5,798 similar organizations
(United States, Recreation & Sports, $100K–$1M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
91.7% | 95.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.3% | 3.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-0.9 mo | 6.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
310.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
88.5% | 89.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
21.4% | 6.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.5% | 7.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.4% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $451K | $452K | $-32,750 | 91.7% | 0 |
| 2024 | $371K | $413K | $-49,862 | 100.0% | 0 |
| 2023 | $393K | $389K | $-7,990 | 100.0% | 0 |
| 2022 | $226K | $252K | N/A | — | 0 |
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