Preservation Fund
Preservation Fund faces significant financial challenges with declining revenue and consistent operating deficits.
EIN: 133690790 · Wilmington, DE · Updated: 2026-03-28
Is Preservation Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Preservation Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Preservation Fund
Preservation Fund (EIN: 133690790) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $1.9M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preservation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preservation Fund is a mid-size nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -14.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $306K |
| Surplus / Deficit | $-273,636 |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | -842.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 101.1 months |
Financial Health Grade: B
In 2022, Preservation Fund reported a deficit of $274K with expenses exceeding revenue, holds 101.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2022), Preservation Fund's revenue has declined at a compound annual growth rate (CAGR) of -14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -89.3% | +12.5% | -9.6% |
| 2021 | +242.0% | -6.3% | +1.1% |
| 2020 | +14.7% | +3.7% | -6.7% |
| 2019 | -84.0% | -38.8% | -13.5% |
| 2015 | -28.6% | -7.4% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Preservation Fund with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Preservation Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $274K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization of its asset size ($2.28 million latest assets) and suggests a volunteer-led or externally funded management structure.
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.
Red Flags
The following concerns were identified during AI analysis of Preservation Fund's IRS 990 filings:
- Consistent operating deficits, particularly in recent years (e.g., 202212: $32,470 revenue vs. $306,106 expenses).
- Significant decline in total assets over time, from $3.49 million in 2015 to $2.57 million in 2022.
- Extremely low revenue in the latest reported period ($32,470), raising questions about operational viability.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting efficiency assessment.
Strengths
The following positive indicators were identified for Preservation Fund:
- Consistently reports 0% officer compensation, indicating no executive salary burden.
- Maintains very low liabilities across all reported periods, suggesting good debt management.
Frequently Asked Questions about Preservation Fund
Is Preservation Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Preservation Fund (EIN: 133690790) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Preservation Fund spend its money?
Preservation Fund directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Preservation Fund tax-deductible?
Preservation Fund is registered as a tax-exempt nonprofit (EIN: 133690790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary source of the Preservation Fund's revenue, given its fluctuating and often low figures?
The provided data does not specify revenue sources beyond the total revenue figure. Given the significant fluctuations, it's unclear if it relies on grants, donations, or other income streams.
Why has the organization's asset base been steadily declining since 2015, from $3.49 million to $2.57 million in 2022?
The decline in assets is directly correlated with the organization's consistent operating deficits, where expenses frequently exceed revenue, particularly in recent years (e.g., 202212: Revenue $32,470, Expenses $306,106).
How does Preservation Fund manage to operate with 0% officer compensation, and what is the organizational structure supporting this?
The filings consistently show 0% officer compensation, suggesting a volunteer-led board or that management costs are covered by an external entity or through non-compensatory means. Further investigation into their governance documents would be needed.
What are the specific program activities that the Preservation Fund engages in, and how are they funded given the recent low revenue figures?
The NTEE code is unknown, and the filings do not detail specific program activities. The low revenue in recent periods (e.g., $32,470 in 202212) raises concerns about the scale and sustainability of any programs being delivered.
Filing History
IRS 990 filing history for Preservation Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2022), Preservation Fund's revenue has declined by 81.7%, moving from $177K to $32K. Total assets decreased by 20.7% over the same period, from $3.2M to $2.6M. Total functional expenses rose by 132.4%, from $132K to $306K. In its most recent filing year (2022), Preservation Fund reported a deficit of $274K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $32K | $306K | $2.6M | $1 | — | View 990 |
| 2021 | $303K | $272K | $2.9M | $1 | — | View 990 |
| 2020 | $89K | $290K | $2.8M | $1 | — | View 990 |
| 2019 | $77K | $280K | $3.0M | $0 | — | View 990 |
| 2015 | $482K | $458K | $3.5M | $0 | — | View 990 |
| 2014 | $676K | $495K | $3.5M | $0 | — | View 990 |
| 2013 | $494K | $354K | $3.3M | $0 | — | View 990 |
| 2012 | $111K | $163K | $3.1M | $0 | — | View 990 |
| 2012 | $196K | $242K | $3.2M | $0 | — | View 990 |
| 2011 | $177K | $132K | $3.2M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $32K, expenses of $306K, and assets of $2.6M (revenue -89.3% year-over-year).
- 2021: Revenue of $303K, expenses of $272K, and assets of $2.9M (revenue +242.0% year-over-year).
- 2020: Revenue of $89K, expenses of $290K, and assets of $2.8M (revenue +14.7% year-over-year).
- 2019: Revenue of $77K, expenses of $280K, and assets of $3.0M (revenue -84.0% year-over-year).
- 2015: Revenue of $482K, expenses of $458K, and assets of $3.5M (revenue -28.6% year-over-year).
- 2014: Revenue of $676K, expenses of $495K, and assets of $3.5M (revenue +36.7% year-over-year).
- 2013: Revenue of $494K, expenses of $354K, and assets of $3.3M (revenue +343.4% year-over-year).
- 2012: Revenue of $111K, expenses of $163K, and assets of $3.1M (revenue -43.3% year-over-year).
- 2012: Revenue of $196K, expenses of $242K, and assets of $3.2M (revenue +10.8% year-over-year).
- 2011: Revenue of $177K, expenses of $132K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preservation Fund:
Data Sources and Methodology
This transparency report for Preservation Fund 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.