Atlantic Coast Asc GP 1 Inc

Analysis

Atlantic Coast Asc GP 1 Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Atlantic Coast Asc GP 1 Inc reported income of $356k and spending of $616k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $719k to $356k (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Atlantic Coast Asc GP 1 Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Centro de Renovacion Y Desarollo Humano-Espirtual Buen Pastor ($356k), Compass Community Counseling ($356k) and American Society for Metabolic and Bariatric Surgery Foundation Inc ($356k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $210k. At year end it held assets of $6.7m against liabilities of $161k, net assets of $6.6m.