Gulf Coast Community Ministries Inc

Analysis

Gulf Coast Community Ministries Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Ministries Inc reported income of $229k and spending of $135k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $526k to $229k (-56%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. 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 Community Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within MS. Charities of a similar size with the same main cause include Society of St Vincent de Paul St Therese of Lisieux Conference Inc ($229k), Morgan County Day Care Association ($230k) and Caterkids Hawaii ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $28k (21% of expenses). Other salaries and wages came to $644. At year end it held assets of $666k against liabilities of $0, net assets of $666k. It reported 1 employees.