Presbyterian Villas of Port Charlotte Inc

Analysis

Presbyterian Villas of Port Charlotte Inc is a registered charity in United States, based in Port Charlotte, FL. It received its IRS tax-exemption ruling in September 1977, 49 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 Villas of Port Charlotte Inc reported income of $638k and spending of $493k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $638k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Villas of Port Charlotte Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Waldorf Early Childhood Association of North America Inc ($638k), Deeper Life Bible Church Inc ($638k) and St Josephs Garden Courts Inc ($638k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 65% of the total. Other salaries and wages came to $95k. At year end it held assets of $869k against liabilities of $248k, net assets of $621k.