Martin Centre Preservation Company Inc

Analysis

Martin Centre Preservation Company Inc is a registered charity in United States, based in Douglas, GA. It received its IRS tax-exemption ruling in October 2019, 7 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, Martin Centre Preservation Company Inc reported income of $413k and spending of $525k, spending 127% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $1000k to $413k (-59%), an average of -59% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martin Centre Preservation Company Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include The Center for Emerging Visual Artists Ltd ($413k), Friends of the Levitt Pavilion at Steelstacks ($413k) and Washington County Historical Society ($413k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 36% of the total. Other salaries and wages came to $7,728. At year end it held assets of $638k against liabilities of $84k, net assets of $554k. It reported 36 employees.