Preservation Texas Inc

Analysis

Preservation Texas Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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 Texas Inc reported income of $428k and spending of $507k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $428k (+251%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preservation Texas Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include San Francisco Contemporary Music Players ($428k), Cherry Hill Nursery School ($428k) and PTA California Congress of Parents Teachers & Students Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $108k (21% of expenses). Other salaries and wages came to $140k. At year end it held assets of $4.8m against liabilities of $4,537, net assets of $4.8m. It reported 3 employees.