Gulf Coast-A Journal of Literature & Fine Arts

Analysis

Gulf Coast-A Journal of Literature & Fine Arts is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1993, 33 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 June 2024, Gulf Coast-A Journal of Literature & Fine Arts reported income of $211k and spending of $235k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $221k to $211k (-4.5%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulf Coast-A Journal of Literature & Fine Arts sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Ricrack Inc ($211k), Little League Baseball Inc ($211k) and Rensselaerville Library ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 18% of the total. Other salaries and wages came to $74k. At year end it held assets of $284k against liabilities of $12k, net assets of $272k.