Preservation Pottstown Inc

Analysis

Preservation Pottstown Inc is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in August 1984, 42 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 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, Preservation Pottstown Inc reported income of $304k and spending of $153k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $304k (+141%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Preservation Pottstown Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Central Appalachian Rural Investment Corporation ($304k), Building Forence Together CDC ($304k) and Ecia Business Growth Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $440k against liabilities of $0, net assets of $440k. It reported 5 employees.