Gulf Offshore Research Institute

Analysis

Gulf Offshore Research Institute is a registered charity in United States, based in Mandeville, LA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Gulf Offshore Research Institute reported income of $220k and spending of $261k, spending 119% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $224k to $220k (-1.6%), an average of -0.8% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gulf Offshore Research Institute sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include My Legacy Foundation ($220k), Knowledge Systems Institute ($220k) and Mishkah Academy Corporation ($220k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (44% of expenses). At year end it held assets of $49k against liabilities of $27k, net assets of $22k.