Preserve Chattanooga Inc

Analysis

Preserve Chattanooga Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 1976, 50 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 December 2023, Preserve Chattanooga Inc reported income of $125k and spending of $220k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $255k to $125k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 156%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Preserve Chattanooga Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Oregon Suzuki Institute ($125k), Edwin Boyle Santee Summer Ministry ($125k) and Community Childrens Theatre ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $94k (43% of expenses). At year end it held assets of $600k against liabilities of $3,689, net assets of $596k. It reported 1 employees.