Preston Castle Foundation

Analysis

Preston Castle Foundation is a registered charity in United States, based in Ione, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Preston Castle Foundation reported income of $522k and spending of $302k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $522k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 1708%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preston Castle Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Treasure Coast Victory Childrens Home Inc ($522k), Ballentine Home Corporation ($522k) and Historic Florida Keys Foundation Inc ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 91% of the total. Other salaries and wages came to $26k. At year end it held assets of $3.8m against liabilities of $3,002, net assets of $3.8m. It reported 1 employees.