Gulf Care Inc

Analysis

Gulf Care Inc is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gulf Care Inc reported income of $36.6m and spending of $43.2m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.0m to $36.6m (+15%), an average of +3.5% a year. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gulf Care Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include East End Disability Associates Inc ($36.6m), Cooke School and Institute ($36.6m) and Northern Manor Multicare Center Inc ($36.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Other salaries and wages came to $13.9m. At year end it held assets of $89.7m against liabilities of $129.4m, net assets of -$39.6m. It reported 532 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.