Florida Gulf Coast Apartments Inc

Analysis

Florida Gulf Coast Apartments Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Gulf Coast Apartments Inc reported income of $915k and spending of $774k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $785k to $915k (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Florida Gulf Coast Apartments Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Andrew Kim House Inc ($915k), Dorothy Day House of Hospitality Inc ($916k) and Fort Worth Affordability Inc ($914k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $201k. At year end it held assets of $1.6m against liabilities of $88k, net assets of $1.5m. It reported 8 employees.