Owen County Preservations Inc

Analysis

Owen County Preservations Inc is a registered charity in United States, based in Spencer, IN. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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, Owen County Preservations Inc reported income of $256k and spending of $362k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $256k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 160% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owen County Preservations Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include Child Watch Inc ($256k), Parents Available to Help Inc ($256k) and Friends of Berkeley Tuolumne Camp ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 62% of the total. Other salaries and wages came to $56k. At year end it held assets of $3.2m against liabilities of $13k, net assets of $3.2m. It reported 3 employees.

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.