Lilac Preservation Project

Analysis

Lilac Preservation Project is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in October 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lilac Preservation Project reported income of $189k and spending of $235k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $189k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lilac Preservation Project sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Polk Arts Alliance Inc ($189k), Jersey City Arts Council Inc ($189k) and The Living Earth Show ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. At year end it held assets of $215k against liabilities of $306, net assets of $215k.