New Yorks Landmarks Preservation Foundation Inc

Analysis

New Yorks Landmarks Preservation Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1980, 46 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 June 2023, New Yorks Landmarks Preservation Foundation Inc reported income of $80k and spending of $84k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $164k to $80k (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 346%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Yorks Landmarks Preservation Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Gathernyc Inc ($80k), Jude Project ($80k) and Griffin Choral Arts Inc ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. It paid $12k in professional fundraising fees. At year end it held assets of $826k against liabilities of $3,610, net assets of $822k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.