Gulfstream School Inc

Analysis

Gulfstream School Inc is a registered charity in United States, based in Gulf Stream, FL. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gulfstream School Inc reported income of $10.0m and spending of $9.8m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.2m to $10.0m (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gulfstream School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Northsound Association for Catholic Education ($10.0m), Cristo Rey Miami High School Inc ($10.0m) and Golden View Classical Academy ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $450k (4.6% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $29.0m against liabilities of $2.3m, net assets of $26.7m. It reported 74 employees.