Gulf Coast Main Street Corp Biloxi

Analysis

Gulf Coast Main Street Corp Biloxi is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Gulf Coast Main Street Corp Biloxi reported income of $401k and spending of $195k, leaving 51% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $345k to $401k (+16%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gulf Coast Main Street Corp Biloxi sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MS. Charities of a similar size with the same main cause include Alamance County Economic Development Foundation ($401k), Tioga County Agricultural Association Inc ($401k) and Toolbank USA Inc ($401k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 14% of the total. At year end it held assets of $593k against liabilities of $0, net assets of $593k.