Gulf Winds Track Club Inc

Analysis

Gulf Winds Track Club Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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 2024, Gulf Winds Track Club Inc reported income of $488k and spending of $459k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $350k to $488k (+39%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 274%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulf Winds Track Club Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Pennsbury Society ($488k), New Albany Deanery Ministries Inc ($488k) and Skaneateles Lake Association Inc ($487k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 89% of the total. At year end it held assets of $257k against liabilities of $350, net assets of $257k.