Southside Preservation Association

Analysis

Southside Preservation Association is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Southside Preservation Association reported income of $103k and spending of $108k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $255k to $103k (-59%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 80%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southside Preservation Association 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 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Gilead Community Development Corporation Inc ($103k), Prescott Sportsmans Club ($103k) and Levites Academy Foundation ($103k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Other salaries and wages came to $28k. At year end it held assets of $30k against liabilities of $14k, net assets of $16k. It reported 5 employees.

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.