Punta Gorda Development Corporation

Analysis

Punta Gorda Development Corporation is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Punta Gorda Development Corporation reported income of $270k and spending of $187k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $152k to $270k (+78%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Punta Gorda Development Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Benet Place ($270k), Disciples Housing of Enid Inc ($271k) and BPH Holding Co Inc ($270k).

At year end it held assets of $653k against liabilities of $9,511, net assets of $643k.