Economic Action Committee of the Gulf Coast

Analysis

Economic Action Committee of the Gulf Coast is a registered charity in United States, based in Bay City, TX. It received its IRS tax-exemption ruling in August 1966, 60 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Economic Action Committee of the Gulf Coast reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $2.0m (+187%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Action Committee of the Gulf Coast sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Unbridledacts ($2.0m), The Holmes County Agricultural Society Inc ($2.0m) and Middle Way House Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $359k. At year end it held assets of $91k against liabilities of $0, net assets of $91k. It reported 10 employees.