Ponce de Leon Inlet Lighthouse Preservation Association Inc

Analysis

Ponce de Leon Inlet Lighthouse Preservation Association Inc is a registered charity in United States, based in Ponce Inlet, FL. It received its IRS tax-exemption ruling in March 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ponce de Leon Inlet Lighthouse Preservation Association Inc reported income of $2.1m and spending of $1.4m, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $2.1m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2021, when income rose by 118%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ponce de Leon Inlet Lighthouse Preservation Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Western States Cancer Research Ncorp ($2.1m), Cirbn LLC ($2.1m) and Association of School Business Officials International ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $120k (8.8% of expenses). Other salaries and wages came to $638k. At year end it held assets of $9.6m against liabilities of $1.0m, net assets of $8.6m. It reported 35 employees.