Governors Mansion Preservation Foundation Inc

Analysis

Governors Mansion Preservation Foundation Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 2018, 8 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 2022, Governors Mansion Preservation Foundation Inc reported income of $127k and spending of $319k, spending 251% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $231k to $127k (-45%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 167% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Governors Mansion Preservation Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within LA. Charities of a similar size with the same main cause include Loco-Motion Dance Theatre for Children Inc ($127k), Quincy Valley Historical Society & Museum ($127k) and Discipleship Tape Ministries Inc ($127k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $2,700. At year end it held assets of $50k against liabilities of $100k, net assets of -$50k. It reported 1 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.