Mosholu Preservation Corporation

Analysis

Mosholu Preservation Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mosholu Preservation Corporation reported income of $3.1m and spending of $3.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mosholu Preservation Corporation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Marca Industries Incorporated ($3.0m), Sacramento Regional Family Justice Center Foundation ($3.1m) and Downtown Oakland Association ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $164k (4.9% of expenses). Other salaries and wages came to $282k. At year end it held assets of $11.7m against liabilities of $2.0m, net assets of $9.7m. It reported 8 employees.