Punta Gorda Symphony Inc

Analysis

Punta Gorda Symphony Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, Punta Gorda Symphony Inc reported income of $293k and spending of $497k, spending 169% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income fell from $586k to $293k (-50%), an average of -13% a year. The sharpest change came in the year to April 2022, when income rose by 50%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Punta Gorda Symphony Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Denver Ballet Guild ($293k), Edison Memorial Tower Corporation ($293k) and Secular Coalition for America Education Fund ($293k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 59% and program service revenue 43% of the total. Other salaries and wages came to $129k. At year end it held assets of $29k against liabilities of $45k, net assets of -$15k. It reported 7 employees.