Historic Preservation Foundation of the Fortnightly

Analysis

Historic Preservation Foundation of the Fortnightly is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 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 May 2023, Historic Preservation Foundation of the Fortnightly reported income of $419k and spending of $127k, leaving 70% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $269k to $419k (+56%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 29%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Preservation Foundation of the Fortnightly sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Dare County Arts Council Inc ($419k), Holly Springs Center ($419k) and Cherry Orchard Festival Foundation Corp ($419k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.9m against liabilities of $3,876, net assets of $1.9m.