Billings Preservation Society Inc

Analysis

Billings Preservation Society Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in March 1994, 32 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 (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, Billings Preservation Society Inc reported income of $429k and spending of $400k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $429k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Billings Preservation Society Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MT. Charities of a similar size with the same main cause include Blackfriars of Rochester Ny Inc ($428k), Glen Arbor Arts Center ($429k) and Muskegon Civic Theatre ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $62k (16% of expenses). Other salaries and wages came to $155k. At year end it held assets of $1.0m against liabilities of $17k, net assets of $987k. It reported 16 employees.