Preservation of the Res Inc

Analysis

Preservation of the Res Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in March 1977, 49 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Preservation of the Res Inc reported income of $74k and spending of $106k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $74k (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 134% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Preservation of the Res Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Garden Club of Lookout Mountain ($74k), Carmel River Watershed Conservancy ($74k) and Save New Canaan Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 48% of the total. At year end it held assets of $357k against liabilities of $166, net assets of $357k.

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.