Gulf Coast Community Foundation Inc

Analysis

Gulf Coast Community Foundation Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in May 1990, 36 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 Community Foundation Inc reported income of $2.0m and spending of $5.4m, spending 267% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $12.2m to $2.0m (-83%), an average of -45% a year. The sharpest change came in the year to June 2021, when income dropped by 59%. Over the whole period it spent 86% 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 Community Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MS. Charities of a similar size with the same main cause include Valley Health Associates ($2.0m), Skyline Charitable Foundation Inc ($2.0m) and Northwest North Dakota Community Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $507k. At year end it held assets of $36.5m against liabilities of $8.7m, net assets of $27.8m. It reported 13 employees.