564 Park Avenue Preservation Foundation

Analysis

564 Park Avenue Preservation Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2006, 20 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, 564 Park Avenue Preservation Foundation reported income of $905k and spending of $197k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $905k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 564 Park Avenue Preservation Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Project Artaud ($905k), Operalia Foundation Inc ($906k) and Stan Hywet Hall and Gardens Foundation ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.0m against liabilities of $30k, net assets of $2.0m.