Gulf Coast Housing Partnership Inc

Analysis

Gulf Coast Housing Partnership Inc is a registered charity in United States, based in Kenner, LA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Gulf Coast Housing Partnership Inc reported income of $20.2m and spending of $10.3m, leaving 49% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $19.8m to $20.2m (+2.2%), an average of +0.7% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gulf Coast Housing Partnership Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Loomis Housing Corporation ($20.2m), Campus Child Care Inc ($20.2m) and Meth-Wick Community ($20.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 47% and program service revenue 43% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $137.1m against liabilities of $42.7m, net assets of $94.4m.