Gulf States Quilting Association Inc

Analysis

Gulf States Quilting Association Inc is a registered charity in United States, based in Harahan, LA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 States Quilting Association Inc reported income of $55k and spending of $56k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $17k to $55k (+223%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gulf States Quilting Association Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within LA. Charities of a similar size with the same main cause include American Guild of Organists Ago ($55k), Culturehum Foundation ($55k) and Dala Monthly ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 40% of the total. At year end it held assets of $50k against liabilities of $27, net assets of $50k.