Preservation Society of Fall River Inc

Analysis

Preservation Society of Fall River Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in June 2007, 19 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, Preservation Society of Fall River Inc reported income of $253k and spending of $245k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $67k to $253k (+275%), an average of +94% a year. The sharpest change came in the year to December 2022, when income rose by 947%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Preservation Society of Fall River Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Majestic Theatre ($253k), Market Square Concerts ($253k) and Angelica Center for Arts and Music ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Other salaries and wages came to $10k. At year end it held assets of $2.4m against liabilities of $2.2m, net assets of $274k. It reported 1 employees.