Preservation Communities Inc

Analysis

Preservation Communities Inc is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Preservation Communities Inc reported income of $662k and spending of $34k, leaving 95% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $175k to $662k (+278%), an average of +56% a year. The sharpest change came in the year to December 2020, when income rose by 427%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preservation Communities Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Nevada Housing Coalition ($662k), Northwest Michigan Rural Housing Partnership ($662k) and Luther House III Inc ($662k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $2.7m against liabilities of $1.1m, net assets of $1.5m.