Gulfside Healthcare Services Inc

Analysis

Gulfside Healthcare Services Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gulfside Healthcare Services Inc reported income of $2.4m and spending of $9.0m, spending 381% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $4.9m to $2.4m (-52%), an average of -31% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 432% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gulfside Healthcare Services Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Livitup Inc ($2.4m), Johnson Center Homes II ($2.4m) and Setting Scoliosis Straight Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.5m (17% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $5.6m against liabilities of $34.0m, net assets of -$28.4m. It reported 546 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.