Preservation

Analysis

Preservation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 reported income of $294k and spending of $239k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $268k to $294k (+9.7%), an average of +9.7% a year. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Preservation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Good Grief Network ($294k), Atlas Scholars ($294k) and Sonoma County Black Forum ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. At year end it held assets of $258k against liabilities of $8,000, net assets of $250k.