Gulf Coast Partnership Inc

Analysis

Gulf Coast Partnership Inc is a registered charity in United States, based in Pt Charlotte, FL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Gulf Coast Partnership Inc reported income of $2.6m and spending of $2.0m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $801k to $2.6m (+230%), an average of +35% a year. The sharpest change came in the year to September 2021, when income rose by 88%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gulf Coast Partnership Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Northtown Housing Development Corporation ($2.6m), Corvallis Caring Place ($2.6m) and New Endeavors by Women ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $131k (6.5% of expenses). Other salaries and wages came to $370k. At year end it held assets of $984k against liabilities of $91k, net assets of $893k. It reported 20 employees.