Preservation Park Center Inc

Analysis

Preservation Park Center Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Preservation Park Center Inc reported income of $1.5m and spending of $2.0m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.5m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Preservation Park Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Startupnv ($1.5m), Groundwork Ohio River Valley Inc ($1.5m) and Employee Connections ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $296k. At year end it held assets of $5.8m against liabilities of $7.0m, net assets of -$1.2m.

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.