Gulf Coast United Futbol Club Inc

Analysis

Gulf Coast United Futbol Club Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gulf Coast United Futbol Club Inc reported income of $553k and spending of $517k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $500k to $553k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gulf Coast United Futbol Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MS. Charities of a similar size with the same main cause include Oaks Dads Club ($553k), Brainerd Amateur Hockey Association ($553k) and Rockland Gaelic Athletic Association Inc ($552k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $91k (18% of expenses). At year end it held assets of $560k against liabilities of $78k, net assets of $482k. It reported 2 employees.