Gulf Coast Heat Inc

Analysis

Gulf Coast Heat Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Gulf Coast Heat Inc reported income of $90k and spending of $73k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $63k to $90k (+43%), an average of +43% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gulf Coast Heat Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Avon Grove Charter School ($90k), Stma Blue Line Hockey Booster Club ($90k) and Portsmouth Schools Foundation ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 7.2% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.