Old Punta Gorda Inc

Analysis

Old Punta Gorda Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in January 1985, 41 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 December 2023, Old Punta Gorda Inc reported income of $183k and spending of $93k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $183k (+213%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 245%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Punta Gorda Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Moffett Field Historical Society ($183k), Beethoven Maennerchor Inc ($183k) and Main Street Bath ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. At year end it held assets of $568k against liabilities of $37k, net assets of $530k.