New Richmond Preservation Society Inc

Analysis

New Richmond Preservation Society Inc is a registered charity in United States, based in New Richmond, WI. It received its IRS tax-exemption ruling in October 1983, 43 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, New Richmond Preservation Society Inc reported income of $169k and spending of $138k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $169k (-1.0%), an average of -0.3% a year. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Richmond Preservation Society Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Jamestown Historical Society ($169k), Sugar Hill Historical Museum ($169k) and PTA California Congress of Parents Teachers & Students Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $23k (17% of expenses). Other salaries and wages came to $16k. At year end it held assets of $1.1m against liabilities of $1,343, net assets of $1.1m. It reported 2 employees.