Gulf Coast Teaching Family Services Incorporated

Analysis

Gulf Coast Teaching Family Services Incorporated is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 June 2023, Gulf Coast Teaching Family Services Incorporated reported income of $21.8m and spending of $17.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $21.8m (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulf Coast Teaching Family Services Incorporated 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 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include St Anthonys Hospital Association ($21.8m), Valley Hospice Inc ($21.8m) and Portland Opportunities Industrialization Center Inc ($21.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 51% of the total. Other salaries and wages came to $11.9m. At year end it held assets of $14.0m against liabilities of $4.5m, net assets of $9.5m. It reported 794 employees.