Preservation Non-Profit Housing Corporation

Analysis

Preservation Non-Profit Housing Corporation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in September 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Preservation Non-Profit Housing Corporation reported income of $123k and spending of $1.9m, spending 1571% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $442k to $123k (-72%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 322%. Over the whole period it spent 527% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preservation Non-Profit Housing Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Lyceum III Housing Development Fund Corp ($123k), Choctaw Poteau Properties Inc ($123k) and Omt Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 83% of the total. At year end it held assets of $5.2m against liabilities of $678k, net assets of $4.5m.