Gulf Coast Big Brothers & Big Sisters Inc

Analysis

Gulf Coast Big Brothers & Big Sisters Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, Gulf Coast Big Brothers & Big Sisters Inc reported income of $417k and spending of $409k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $417k (-11%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulf Coast Big Brothers & Big Sisters Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Womans Cancer Association of the University of Miami ($416k), American Literary Translators Assn ($417k) and MV Charitable Fund ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $83k (20% of expenses). Other salaries and wages came to $171k. At year end it held assets of $959k against liabilities of $11k, net assets of $948k. It reported 6 employees.