Peace River Quilters Guild Inc

Analysis

Peace River Quilters Guild Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in May 2018, 8 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, Peace River Quilters Guild Inc reported income of $66k and spending of $33k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $66k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peace River Quilters Guild Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Tampa Hispanic Heritage Inc ($66k), Ringwald Theatre ($66k) and USA Taichi Culture Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $77k against liabilities of $137, net assets of $77k.