TRIUMPH GULF COAST INC
PO BOX 12007, TALLAHASSEE, FL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $113,038,235 | $88,313,540 | $604,596,118 |
| FY2023 | $96,800,588 | $52,834,774 | $579,871,423 |
| FY2022 | $85,000,000 | $35,783,003 | $542,170,288 |
| FY2021 | $80,000,000 | $21,395,355 | $492,953,291 |
| FY2020 | $80,000,000 | $6,214,028 | $434,348,646 |
| FY2019 | $80,000,000 | $22,698,080 | $360,562,674 |
| FY2018 | $4,419,277 | $828,283 | $303,260,754 |
| FY2017 | $300,000,000 | $330,240 | $299,669,760 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $80,000,000 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $88,141,111 | 100% |
| Management & general | $172,429 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 100% of 138 Human Services organizations in FL.
- Net assets covered about 82.2 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 2531 Human Services organizations in FL.
- Total revenue was higher than 99.4% of 2645 Human Services organizations in FL.
- Total revenue fell from $300,000,000 in FY2017 to $113,038,235 in FY2024, Revenue increased in 4 and decreased in 1 of 7 year-over-year comparisons.
- Revenue covered expenses in each of the 8 reported years, FY2017 to FY2024.
- The highest revenue on record here is $300,000,000 in FY2017.
- Net assets grew from $299,669,760 to $604,596,118 between FY2017 and FY2024.
- Contributions and grants made up 100% of revenue in FY2017 and 71% in FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TRIUMPH GULF COAST, INC. IS A NONPROFIT CORPORATION ORGANIZED TO OVERSEE THE EXPENDITURE OF 75 PERCENT OF ALL FUNDS RECOVERED BY THE FLORIDA ATTORNEY GENERAL FOR ECONOMIC DAMAGES TO THE STATE THAT RESULTED FROM THE 2010 DEEPWATER HORIZON OIL SPILL.
IRS status
| Ruling year | 2018 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P20 — Human Services |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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