Preston Hollow Presbyterian Church

Analysis

Preston Hollow Presbyterian Church is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Preston Hollow Presbyterian Church reported income of $2.0m and spending of $576k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.0m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 166%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preston Hollow Presbyterian Church sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Childcaring Inc ($2.0m), Habitat for Humanity International Inc ($2.0m) and Families Forward ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $14.5m against liabilities of -$20k, net assets of $14.5m.