Punta Gorda Isles Civic Association Inc

Analysis

Punta Gorda Isles Civic Association Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in December 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Punta Gorda Isles Civic Association Inc reported income of $594k and spending of $571k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $507k to $594k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Punta Gorda Isles Civic Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Northside Common Market ($594k), East Village Association Inc ($594k) and Houston International Initiatives ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 43% of the total. Other salaries and wages came to $224k. At year end it held assets of $2.3m against liabilities of $53k, net assets of $2.3m. It reported 12 employees.