New Bern Preservation Foundation Inc

Analysis

New Bern Preservation Foundation Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in June 1974, 52 years ago. 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 August 2023, New Bern Preservation Foundation Inc reported income of $185k and spending of $119k, leaving 35% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income fell from $304k to $185k (-39%), an average of -15% a year. The sharpest change came in the year to August 2023, when income rose by 70%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Bern Preservation Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Epaphras ($185k), Musicians of the Old Post Road Inc ($185k) and Remember the Fallen ($185k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $759k against liabilities of $0, net assets of $759k.