Penasco Valley Historical Preservation Society

Analysis

Penasco Valley Historical Preservation Society is a registered charity in United States, based in Penasco, NM. It received its IRS tax-exemption ruling in October 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Penasco Valley Historical Preservation Society reported income of $58k and spending of $83k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $58k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Penasco Valley Historical Preservation Society sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within NM. Charities of a similar size with the same main cause include Radio on the Lake Theatre ($58k), Clan Beglan Inc ($58k) and Whim N Rhythm Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $203k against liabilities of $25k, net assets of $179k.