Gulf Coast Able Academy Incorporated

Analysis

Gulf Coast Able Academy Incorporated is a registered charity in United States, based in Navarre, FL. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Gulf Coast Able Academy Incorporated reported income of $144k and spending of $154k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $144k (+394%), an average of +394% a year. The sharpest change came in the year to December 2023, when income rose by 394%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gulf Coast Able Academy Incorporated sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include B L E S S Coalition Inc ($144k), Rockridge Services Inc ($144k) and Woodinville Family Pre-School ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $2,542 against liabilities of $4,794, net assets of -$2,252. It reported 5 employees.