Preservation Housing Inc

Analysis

Preservation Housing Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Preservation Housing Inc reported income of $8.2m and spending of $9.5m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $8.2m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preservation Housing Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include New Samaritan Corporation Inc ($8.2m), Cots ($8.2m) and Helping Hands Housing Services ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $40.4m against liabilities of $41.0m, net assets of -$603k.