Preswick Glen Inc

Analysis

Preswick Glen Inc is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Preswick Glen Inc reported income of $5.2m and spending of $5.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.2m (+7.5%), an average of +1.8% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preswick Glen Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($5.2m), Abh Development Corp ($5.2m) and Forest Health Services Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $16.5m against liabilities of $21.7m, net assets of -$5.3m. It reported 79 employees.