Preservation Chicago Nfp
Preservation Chicago Nfp shows strong financial growth and zero officer compensation in recent filings.
EIN: 10674228 · Chicago, IL · NTEE: A01 · Updated: 2026-03-28
Is Preservation Chicago Nfp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Preservation Chicago Nfp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Preservation Chicago Nfp
Preservation Chicago Nfp (EIN: 10674228) is a nonprofit organization based in Chicago, IL, classified under NTEE code A01. The organization reported total revenue of $1.8M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preservation Chicago Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Preservation Chicago Nfp with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Preservation Chicago Nfp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization of its size with recent revenues exceeding $1.6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Preservation Chicago Nfp:
- Significant revenue growth, particularly in the 202312 period ($1,617,322 revenue).
- Strong asset growth, reaching $1,393,136 in 202312.
- Consistently reports 0% officer compensation, indicating high transparency and mission focus.
- Expenses are well below revenue in the latest filing ($471,921 expenses vs. $1,617,322 revenue in 202312).
- Low liabilities relative to assets, indicating good financial management (e.g., $9,604 liabilities vs. $1,393,136 assets in 202312).
Frequently Asked Questions about Preservation Chicago Nfp
Is Preservation Chicago Nfp a legitimate charity?
Based on AI analysis of IRS 990 filings, Preservation Chicago Nfp (EIN: 10674228) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Preservation Chicago Nfp spend its money?
Preservation Chicago Nfp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Preservation Chicago Nfp tax-deductible?
Preservation Chicago Nfp is registered as a tax-exempt nonprofit (EIN: 10674228). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Preservation Chicago Nfp a good charity?
Based on the provided financial data, Preservation Chicago Nfp appears to be a very good charity. It demonstrates strong financial health, significant revenue growth, and a commendable commitment to transparency with 0% officer compensation.
How has Preservation Chicago Nfp's financial health changed over time?
The organization has shown remarkable financial growth, especially from 2014 ($37,411 revenue) to 2023 ($1,617,322 revenue). Assets have also grown substantially from $40,216 in 2014 to $1,393,136 in 2023, indicating increasing capacity and stability.
What is Preservation Chicago Nfp's approach to executive compensation?
Preservation Chicago Nfp has consistently reported 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led or very lean executive structure, which is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Preservation Chicago Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Preservation Chicago Nfp's revenue has grown by 1252.6%, moving from $120K to $1.6M. Total assets increased by 1421.5% over the same period, from $92K to $1.4M. Total functional expenses rose by 308.3%, from $116K to $472K. In its most recent filing year (2023), Preservation Chicago Nfp reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $10K in liabilities against $1.4M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $472K | $1.4M | $10K | — | View 990 |
| 2022 | $399K | $440K | $247K | $11K | — | — |
| 2021 | $509K | $368K | $292K | $15K | — | View 990 |
| 2020 | $319K | $327K | $188K | $55K | — | View 990 |
| 2019 | $292K | $323K | $148K | $7K | — | View 990 |
| 2018 | $287K | $224K | $177K | $6K | — | View 990 |
| 2017 | $108K | $195K | $111K | $2K | — | View 990 |
| 2016 | $196K | $121K | $197K | $1K | — | View 990 |
| 2015 | $172K | $91K | $121K | $160 | — | View 990 |
| 2014 | $37K | $101K | $40K | $0 | — | View 990 |
| 2013 | $141K | $101K | $104K | $0 | — | View 990 |
| 2012 | $106K | $134K | $63K | $0 | — | View 990 |
| 2011 | $120K | $116K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $472K, and assets of $1.4M (revenue +305.3% year-over-year).
- 2022: Revenue of $399K, expenses of $440K, and assets of $247K (revenue -21.6% year-over-year).
- 2021: Revenue of $509K, expenses of $368K, and assets of $292K (revenue +59.5% year-over-year).
- 2020: Revenue of $319K, expenses of $327K, and assets of $188K (revenue +9.2% year-over-year).
- 2019: Revenue of $292K, expenses of $323K, and assets of $148K (revenue +2.0% year-over-year).
- 2018: Revenue of $287K, expenses of $224K, and assets of $177K (revenue +165.0% year-over-year).
- 2017: Revenue of $108K, expenses of $195K, and assets of $111K (revenue -44.7% year-over-year).
- 2016: Revenue of $196K, expenses of $121K, and assets of $197K (revenue +13.8% year-over-year).
- 2015: Revenue of $172K, expenses of $91K, and assets of $121K (revenue +359.6% year-over-year).
- 2014: Revenue of $37K, expenses of $101K, and assets of $40K (revenue -73.5% year-over-year).
- 2013: Revenue of $141K, expenses of $101K, and assets of $104K (revenue +33.7% year-over-year).
- 2012: Revenue of $106K, expenses of $134K, and assets of $63K (revenue -11.6% year-over-year).
- 2011: Revenue of $120K, expenses of $116K, and assets of $92K.
Data Sources and Methodology
This transparency report for Preservation Chicago Nfp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.