Historic Mobile Preservation Society Inc

Analysis

Historic Mobile Preservation Society Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in January 1942, 84 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Mobile Preservation Society Inc reported income of $73k and spending of $115k, spending 158% of what it took in. Across the 5 years on record, from May 2020 to December 2023, income fell from $91k to $73k (-20%), an average of -5.3% a year. The sharpest change came in the year to May 2022, when income rose by 39%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Mobile Preservation Society Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within AL. Charities of a similar size with the same main cause include A Cable to Jewish Life Inc ($73k), Pearce Area Orchestra Club Inc ($73k) and Putnam Childrens Discovery Center Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 18% of the total. Other salaries and wages came to $31k. At year end it held assets of $224k against liabilities of $463, net assets of $224k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.