Preservation Housing Trust

Analysis

Preservation Housing Trust is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2016, 10 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Preservation Housing Trust reported income of $1.5m and spending of $1.1m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preservation Housing Trust sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Grace Episcopal Church Jamaica Senior Citizens Housing ($1.5m), Wartburg Housing Development Fund Corporation ($1.5m) and Brookwood Florida Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 64% of the total. Other salaries and wages came to $249k. At year end it held assets of $1.1m against liabilities of $93k, net assets of $1.0m.