Gulf Coast Events & Promotions LLC

Analysis

Gulf Coast Events & Promotions LLC is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Gulf Coast Events & Promotions LLC reported income of $50k and spending of $51k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $50k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 121% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gulf Coast Events & Promotions LLC sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Martinsburg High School Bulldogs Football Boosters Inc ($50k), Signature Squares of Brunswick Inc ($50k) and 50 Plus Recreation Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 118% of the total. At year end it held assets of $30k against liabilities of $7,674, net assets of $22k.