Preservation Hall Foundation Inc

Analysis

Preservation Hall Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2021, 5 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, Preservation Hall Foundation Inc reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.4m to $2.1m (-39%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 70% 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 Hall Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Algonquin Arts a New Jersey Non- Profit Corporation ($2.1m), Fresno Philharmonic Association ($2.1m) and San Francisco Maritime National Park Association ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $256k (11% of expenses). Other salaries and wages came to $410k. At year end it held assets of $8.6m against liabilities of $5.0m, net assets of $3.7m. It reported 24 employees.