Preservation Mass Inc

Analysis

Preservation Mass Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2023, 3 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 September 2023, Preservation Mass Inc reported income of $381k and spending of $470k, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $514k to $381k (-26%), an average of -7.2% a year. The sharpest change came in the year to September 2023, when income dropped by 41%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Preservation Mass Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Phoenix Film Foundation ($381k), Youth Code Jam San Antonio ($382k) and Young Dance Inc ($381k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. Other salaries and wages came to $134k. At year end it held assets of $142k against liabilities of $202k, net assets of -$60k. It reported 4 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.