Governors Residence Preservation Fund

Analysis

Governors Residence Preservation Fund is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2008, 18 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 2022, Governors Residence Preservation Fund reported income of $135k and spending of $188k, spending 139% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $148k to $135k (-9.3%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Governors Residence Preservation Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within CO. Charities of a similar size with the same main cause include Army Medical Department Museum Foundation Inc ($135k), Florida Surf Museum Inc ($135k) and International Friend of the Intl Lyric Art Festival in Aix-En ($135k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $54k (29% of expenses). At year end it held assets of $278k against liabilities of $1,617, net assets of $276k. It reported 1 employees.