Preservation Greensboro Incorporated

Analysis

Preservation Greensboro Incorporated is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in January 1968, 58 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 June 2023, Preservation Greensboro Incorporated reported income of $433k and spending of $364k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $161k to $433k (+169%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Preservation Greensboro Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include San Luis Obispo Childrens Museum ($432k), Time and Space Limited Theatre Co Inc ($433k) and Beaux Arts of the Lowe Art Museum of the University of Miami Inc ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $66k (18% of expenses). Other salaries and wages came to $87k. At year end it held assets of $2.1m against liabilities of $162k, net assets of $2.0m. It reported 12 employees.