Punxsutawney Groundhog Club

Analysis

Punxsutawney Groundhog Club is a registered charity in United States, based in Punxsutawney, PA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Punxsutawney Groundhog Club reported income of $338k and spending of $251k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $338k (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Punxsutawney Groundhog Club sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Dekalb County Economic Development Partnership Inc ($337k), Junior League of Odessa Inc ($338k) and NCS Community Development Corp ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 29% of the total. Other salaries and wages came to $50k. At year end it held assets of $1.2m against liabilities of $4,726, net assets of $1.2m. It reported 5 employees.