Presbyterian Homes of Port Charlotte Inc

Analysis

Presbyterian Homes of Port Charlotte Inc is a registered charity in United States, based in Port Charlotte, FL. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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, Presbyterian Homes of Port Charlotte Inc reported income of $11.1m and spending of $746k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $761k to $11.1m (+1364%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 2022%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Homes of Port Charlotte Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include United Way of Forsyth County Inc ($11.1m), Hospice of Davidson County North Carolina Inc ($11.1m) and Arc of Madison County Inc ($11.1m).

Other salaries and wages came to $207k. At year end it held assets of $12.5m against liabilities of $304k, net assets of $12.1m. It reported 19 employees.