Corvair Preservation Foundation

Analysis

Corvair Preservation Foundation is a registered charity in United States, based in Long Lake, MN. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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, Corvair Preservation Foundation reported income of $57k and spending of $48k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $57k (-3.6%), an average of -3.6% a year. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corvair Preservation Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Run the Streets Inc ($57k), Operation Seas the Day Inc ($57k) and Knights of Columbus Ed Programs for Mentally Retarded Children ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $434k against liabilities of $0, net assets of $434k.