Gulf Coast Biologics Inc

Analysis

Gulf Coast Biologics Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 2024, 2 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 Coast Biologics Inc reported income of $118k and spending of $59k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $125k to $118k (-5.5%), an average of -5.5% a year. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gulf Coast Biologics Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include International Society of Osteoarthritis Imaging Isoai Inc ($118k), New Chesapeake Men for Progress Education Foundation ($118k) and Tu Mile Quail & Dove Chapter ($118k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. At year end it held assets of $126k against liabilities of $5,423, net assets of $121k.