Nevada County Cultural Preservation Trust

Analysis

Nevada County Cultural Preservation Trust is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in April 1994, 32 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, Nevada County Cultural Preservation Trust reported income of $975k and spending of $1.4m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $992k to $975k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nevada County Cultural Preservation Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Foundation of African American Art ($975k), The Center for the Research of Early Christian Documents ($975k) and Academy of Criminal Justice Sciences ($975k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $111k (7.9% of expenses). Other salaries and wages came to $504k. It paid $19k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $449k, net assets of $1.3m.