Martin County Preservation Association

Analysis

Martin County Preservation Association is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in November 1998, 28 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, Martin County Preservation Association reported income of $185k and spending of $139k, leaving 25% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $101k to $185k (+83%), an average of +22% a year. The sharpest change came in the year to May 2021, when income rose by 59%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martin County Preservation Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Menominee Range Historical Foundation ($185k), Handmade Arcade ($185k) and Foundation for the Journal of Comparative Politics Inc ($185k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 61% and program service revenue 11% of the total. Other salaries and wages came to $50k. At year end it held assets of $888k against liabilities of $4,815, net assets of $884k. It reported 3 employees.