Singing River Gulfport

Analysis

Singing River Gulfport is a registered charity in United States, based in Gautier, MS. It received its IRS tax-exemption ruling in October 2020, 6 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Singing River Gulfport reported income of $116.1m and spending of $112.5m, spending 97% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $62.7m to $116.1m (+85%), an average of +36% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Singing River Gulfport sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include Neighborhood Association for Inter Cultural Affairs Inc ($115.9m), New York Road Runners Inc ($116.7m) and Breakthrough Energy Foundation ($115.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $47.0m. At year end it held assets of $59.7m against liabilities of $60.9m, net assets of -$1.2m. It reported 1,266 employees.