P T Boats Inc

Analysis

P T Boats Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in March 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, P T Boats Inc reported income of $86k and spending of $126k, spending 147% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $18k to $86k (+367%), an average of +36% a year. The sharpest change came in the year to December 2019, when income rose by 714%. Over the whole period it spent 143% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, P T Boats Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Chamber Music Society of Logan Inc ($86k), Sunset Apollo Marching Band and Auxiliary Parents Club Inc ($86k) and Project Gurnet & Bug Lights Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.0m against liabilities of $1,078, net assets of $1.0m. It reported 1 employees.