Preston Mitchum Jr Foundation

Analysis

Preston Mitchum Jr Foundation is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in March 2004, 22 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, Preston Mitchum Jr Foundation reported income of $88k and spending of $82k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $88k (+11%), an average of +11% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Preston Mitchum Jr Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Saint Martha Concerts and Cultural Affairs Inc ($88k), Michael Newton Institute for Life Between Lives Hypnotherapy Inc ($88k) and Curtain Call Playhouse Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.