Texas Gulf Surfing Association Inc

Analysis

Texas Gulf Surfing Association Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 June 2023, Texas Gulf Surfing Association Inc reported income of $110k and spending of $112k, spending 101% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $48k to $110k (+129%), an average of +129% a year. The sharpest change came in the year to June 2023, when income rose by 129%. 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, Texas Gulf Surfing Association Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Greeley Chorale Inc ($110k), Lawrenceville Volunteer Fire Dept ($110k) and Jo Daviess Residential Services Inc ($110k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 46% of the total. At year end it held assets of $8,211 against liabilities of $0, net assets of $8,211.