Samaritan Counseling Services of the Gulf Coast Inc

Analysis

Samaritan Counseling Services of the Gulf Coast Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Samaritan Counseling Services of the Gulf Coast Inc reported income of $2.3m and spending of $2.2m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $2.3m (+92%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Samaritan Counseling Services of the Gulf Coast Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Mt Washington Pediatric Foundation Inc ($2.3m), Bartlesville Regional United Way Inc ($2.3m) and Marquette Community Foundation ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $128k (5.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.0m against liabilities of $230k, net assets of $811k. It reported 30 employees.