Preservation of Life

Analysis

Preservation of Life is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 of Life reported income of $805k and spending of $802k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $805k (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Preservation of Life sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Fresh Out Community Based African American Program ($805k), Bay View Community Center of Milwaukee Inc ($805k) and Sunnybrook Childrens Home Foundation ($805k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $57k (7.1% of expenses). Other salaries and wages came to $268k. At year end it held assets of $96k against liabilities of $611k, net assets of -$515k. It reported 20 employees.