Preservation Freehold Company

Analysis

Preservation Freehold Company is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Preservation Freehold Company reported income of $205.5m and spending of $218.6m, spending 106% of what it took in. The sharpest change came in the year to December 2021, when income rose by 1003%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preservation Freehold Company sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Philadelphia Housing Development Corporation ($179.7m), Masonic Villages of the Grand Lodge of Pennsylvania ($232.2m) and Lutheran Senior Services East ($177.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $173k (0.1% of expenses). Other salaries and wages came to $98.1m. At year end it held assets of $566.4m against liabilities of $600.5m, net assets of -$34.1m. It reported 5,756 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.