Gulf Coast Heritage Association Inc

Analysis

Gulf Coast Heritage Association Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gulf Coast Heritage Association Inc reported income of $863k and spending of $947k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $698k to $863k (+23%), an average of +4.3% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 150% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gulf Coast Heritage Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Creative Adventure Lab Inc ($862k), Community Music School ($863k) and Smithtown Performing Arts Counselinc ($862k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 40% of the total. Other salaries and wages came to $275k. At year end it held assets of $4.5m against liabilities of $2.2m, net assets of $2.3m.

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.