Gulf Coast Cares Inc

Analysis

Gulf Coast Cares Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Gulf Coast Cares Inc reported income of $204k and spending of $269k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $204k (-86%), an average of -39% a year. The sharpest change came in the year to June 2022, when income dropped by 240%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gulf Coast Cares Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Lighthouse Foundation ($204k), NDSC Foundation Inc ($204k) and Joes KC Cares Foundation ($204k).

At year end it held assets of $6.8m against liabilities of $1.3m, net assets of $5.5m.