Preserving Home Inc

Analysis

Preserving Home Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1996, 30 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, Preserving Home Inc reported income of $3.7m and spending of $3.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.7m (+133%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preserving Home Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include American Indian Community Housing Organization ($3.7m), Homecomings Inc ($3.7m) and Ecumenical Community Development Organization ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $138k (4.1% of expenses). Other salaries and wages came to $704k. At year end it held assets of $1.4m against liabilities of $774k, net assets of $663k. It reported 20 employees.