Gulf Coast Business Council Research Foundation Inc

Analysis

Gulf Coast Business Council Research Foundation Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gulf Coast Business Council Research Foundation Inc reported income of $288k and spending of $250k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $205k to $288k (+41%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gulf Coast Business Council Research Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within MS. Charities of a similar size with the same main cause include Ancora Transition Services Inc ($288k), B O O C ($288k) and Downtown Canton Special Improvement District Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 80% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.