Reitz Home Preservation Society Inc

Analysis

Reitz Home Preservation Society Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in August 1974, 52 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, Reitz Home Preservation Society Inc reported income of $166k and spending of $250k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $166k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reitz Home Preservation Society Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include American Story Project Theater Company Inc ($166k), Association of Russian Speaking Theatres Corporation ($166k) and Chimney Rock Interpretive Association Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $80k (32% of expenses). Other salaries and wages came to $35k. At year end it held assets of $791k against liabilities of $1,972, net assets of $789k. It reported 7 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.