Preservation Racine Inc

Analysis

Preservation Racine Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in August 1979, 47 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, Preservation Racine Inc reported income of $58k and spending of $60k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $58k (+2.0%), an average of +2.0% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preservation Racine Inc 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 23rd percentile, and in the 19th percentile within WI. Charities of a similar size with the same main cause include American Marketing Association-Dc Chapter ($58k), Central Elementary PTA ($58k) and American Rock Art Research Association ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.6% of the total. At year end it held assets of $350k against liabilities of $475, net assets of $350k.