Oldies Preservation Society

Analysis

Oldies Preservation Society is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in February 2022, 4 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, Oldies Preservation Society reported income of $55k and spending of $56k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $55k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oldies Preservation Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Advaita Meditation Center a Non Profit Corporation ($55k), Ksun Community Radio ($55k) and Armenian Research Foundation ($55k).

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 $8,721 against liabilities of $0, net assets of $8,721.