Kilgore Historical Preservation Foundation

Analysis

Kilgore Historical Preservation Foundation is a registered charity in United States, based in Kilgore, TX. It received its IRS tax-exemption ruling in October 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Kilgore Historical Preservation Foundation reported income of $96k and spending of $131k, spending 137% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $128k to $96k (-25%), an average of -7.0% a year. The sharpest change came in the year to October 2022, when income rose by 105%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kilgore Historical Preservation Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Phoenix Holocaust Association ($96k), Washington Blade Foundation ($96k) and The General Pulaski Association Inc ($96k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 66% and program service revenue 14% of the total. At year end it held assets of $1.2m against liabilities of $0, 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.