Family Extended Care of Punta Gorda Inc

Analysis

Family Extended Care of Punta Gorda Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Family Extended Care of Punta Gorda Inc reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Extended Care of Punta Gorda Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include YMCA 360 Studios Inc ($2.5m), Second Wind Dreams Inc ($2.5m) and Detention Watch Network ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 79% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $4.0m, net assets of -$2.0m. It reported 44 employees.