Providence Preservation Society

Analysis

Providence Preservation Society is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1958, 68 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, Providence Preservation Society reported income of $824k and spending of $871k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $824k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Providence Preservation Society sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include Golden Spike Tower & Visitor Center ($824k), Remember the Triangle Fire Coalition Inc ($824k) and Young Audiences of Northern California ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $86k (9.9% of expenses). Other salaries and wages came to $242k. It paid $2,600 in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $405k, net assets of $4.1m. It reported 9 employees.