MP Preservation Inc

Analysis

MP Preservation Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MP Preservation Inc reported income of $2.7m and spending of $1.3m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.7m (-5.7%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MP Preservation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Ozanam Inn ($2.7m), Saranam LLC ($2.7m) and Shelter Housing Corporation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $18.0m against liabilities of $405k, net assets of $17.6m.