Hearst Castle Preservation Foundation

Analysis

Hearst Castle Preservation Foundation is a registered charity in United States, based in San Ramon, CA. It received its IRS tax-exemption ruling in July 1992, 34 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, Hearst Castle Preservation Foundation reported income of $171k and spending of $133k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $171k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income dropped by 149%. Over the whole period it spent 203% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hearst Castle Preservation Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include The Opera Foundation Inc ($171k), Jackson Hole Technology Partnership ($171k) and Elk River Arts & Lectures ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $759k against liabilities of $0, net assets of $759k.