Preserve Inc

Analysis

Preserve Inc is a registered charity in United States, based in Windermere, FL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Preserve Inc reported income of $64k and spending of $119k, spending 186% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income fell from $150k to $64k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Preserve Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Families and Friends United by AIDS ($64k), Debash Humanitarian Ministry ($64k) and Catamount Foundation Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $25k, net assets of $0.