Gumbo Limbo Coastal Stewards Inc

Analysis

Gumbo Limbo Coastal Stewards Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Gumbo Limbo Coastal Stewards Inc reported income of $511k and spending of $1.7m, spending 324% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $511k (-69%), an average of -26% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gumbo Limbo Coastal Stewards Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Resolution Inc ($511k), Dracut Access Television Inc ($511k) and Poinsettia Center for the Arts ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $134k (8.1% of expenses). Other salaries and wages came to $315k. It paid $24k in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $175k, net assets of $2.2m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.