Gulfport Main Street Association

Analysis

Gulfport Main Street Association is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in December 2006, 20 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 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, Gulfport Main Street Association reported income of $80k and spending of $70k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $80k (-53%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gulfport Main Street Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MS. Charities of a similar size with the same main cause include Lobby Theatre Inc ($80k), Childrens Playtime Productions ($80k) and Greensburg Civic Theatre ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 50% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.