Preservation Kentucky Inc

Analysis

Preservation Kentucky Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in December 1999, 27 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 Kentucky Inc reported income of $58k and spending of $78k, spending 134% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $104k to $58k (-44%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 89% 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 Kentucky Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within KY. Charities of a similar size with the same main cause include Squirrel Island Historical Society ($58k), Nat 28 ($58k) and Black Diamond Ballet ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $46k. At year end it held assets of $193k against liabilities of $1,316, net assets of $191k. It reported 3 employees.