Historic Erie Preservation Trust

Analysis

Historic Erie Preservation Trust is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Erie Preservation Trust reported income of $9.5m and spending of $605k, leaving 94% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.4m to $9.5m (+292%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 1457%. Over the whole period it spent 12% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Historic Erie Preservation Trust sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include American Muslim Community Foundation ($9.4m), Rally Foundation Inc ($9.5m) and Chasing Ms Foundation Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. At year end it held assets of $12.4m against liabilities of $415k, net assets of $11.9m.