Access Care of Coastal Texas Inc

Analysis

Access Care of Coastal Texas Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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 December 2022, Access Care of Coastal Texas Inc reported income of $3.5m and spending of $2.8m, leaving 20% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.1m to $3.5m (+65%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Access Care of Coastal Texas Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Association Lima ($3.5m), Kissito Healthcare Inc ($3.5m) and Mayslake Center II NFP ($3.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $91k (3.3% of expenses). Other salaries and wages came to $545k. At year end it held assets of $9.2m against liabilities of $336k, net assets of $8.9m. It reported 16 employees.