Georgetown Trust for Conservation and Preservation Inc

Analysis

Georgetown Trust for Conservation and Preservation Inc is a registered charity in United States, based in Georgetown, CO. It received its IRS tax-exemption ruling in August 2004, 22 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, Georgetown Trust for Conservation and Preservation Inc reported income of $499k and spending of $765k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $499k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgetown Trust for Conservation and Preservation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Vermont Granite Museum of Barre Inc ($499k), 34 West Productions ($499k) and Lilly Awards Foundation Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $43k (5.6% of expenses). Other salaries and wages came to $214k. At year end it held assets of $3.3m against liabilities of $122k, net assets of $3.2m. It reported 16 employees.

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.