Gulf Coast Trades Center

Analysis

Gulf Coast Trades Center is a registered charity in United States, based in New Waverly, TX. It received its IRS tax-exemption ruling in March 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Gulf Coast Trades Center reported income of $6.8m and spending of $6.0m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $7.4m to $6.8m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to August 2023, when income rose by 46%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulf Coast Trades Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Catholic Charities Legal Services Archdiocese of Miami Inc ($6.8m), E B C D C Inc ($6.8m) and USA Weightlifting Inc ($6.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $93k (1.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $4.3m against liabilities of $1.3m, net assets of $3.0m. It reported 134 employees.