Gulf Breeze Sports Association Inc

Analysis

Gulf Breeze Sports Association Inc is a registered charity in United States, based in Gulf Breeze, FL. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Gulf Breeze Sports Association Inc reported income of $412k and spending of $403k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $412k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gulf Breeze Sports Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Wisconsin Figure Skating Club Inc ($412k), North Texas High School Rodeo Association ($412k) and Delaware Soccer Club ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.