Gulf Coast Community Services Assn Inc

Analysis

Gulf Coast Community Services Assn Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1968, 58 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gulf Coast Community Services Assn Inc reported income of $28.6m and spending of $28.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $23.6m to $28.6m (+21%), an average of +4.9% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 99% 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 Community Services Assn Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Crawford Sebastian Community Development Council Inc ($28.6m), Goodwill Industries of Kansas Inc ($28.7m) and Goodwill Industries of Central North Carolina Inc ($28.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $305k (1.1% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $10.1m against liabilities of $7.7m, net assets of $2.5m. It reported 357 employees.