Forney Historic Preservation League Inc

Analysis

Forney Historic Preservation League Inc is a registered charity in United States, based in Forney, TX. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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, Forney Historic Preservation League Inc reported income of $111k and spending of $104k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $111k (+3.1%), an average of +0.8% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forney Historic Preservation League Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Red Stocking Fund Inc ($111k), Hosea Initiative Inc ($111k) and California Federation of Womens Clubs ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $45k (43% of expenses). Other salaries and wages came to $6,670. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m. It reported 3 employees.