Preserving Historic Properties Inc

Analysis

Preserving Historic Properties Inc is a registered charity in United States, based in Paris, TX. It received its IRS tax-exemption ruling in January 2013, 13 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, Preserving Historic Properties Inc reported income of $91k and spending of $85k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $275k to $91k (-67%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. 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, Preserving Historic Properties Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Pembroke Music Boosters Inc ($91k), Gamble Rogers Folk Festival Inc ($91k) and Old Fort Western Fund ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.