Preservation Mass Inc
Preservation Mass Inc: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 222627697 · Boston, MA · NTEE: A82 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $594K |
| Total Expenses | $470K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-60,037 |
| Transparency Score | 70/100 |
Is Preservation Mass Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Preservation Mass Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Preservation Mass Inc
Preservation Mass Inc (EIN: 222627697) is a nonprofit organization based in Boston, MA, classified under NTEE code A82. The organization reported total revenue of $594K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preservation Mass Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preservation Mass Inc is a small nonprofit that has been operating for 3 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $470K |
| Surplus / Deficit | $-88,462 |
| Total Assets | $142K |
| Total Liabilities | $202K |
| Net Assets | $-60,037 |
| Operating Margin | -23.2% |
| Debt-to-Asset Ratio | 142.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, Preservation Mass Inc reported a deficit of $88K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 142.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Preservation Mass Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.2% | -28.9% | +69.7% |
| 2022 | +22.2% | +20.7% | +37.1% |
| 2021 | -4.5% | +11.4% | +57.7% |
| 2020 | +8.1% | -10.2% | +34.6% |
| 2019 | -1.7% | -2.6% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Mass Inc with a Mission Score of 70 out of 100 (Good). 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 Mass Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 142.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if this reflects a volunteer-led 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 Mass Inc's IRS 990 filings:
- Revenue has shown a significant decline from $648,394 in 2022 to $381,477 in 2023.
- Administrative expenses in 2023 ($141,522) represent a substantial portion of the reduced revenue ($381,477).
- The consistent reporting of $0 for executive compensation across multiple years is a red flag that requires clarification.
Strengths
The following positive indicators were identified for Preservation Mass Inc:
- The organization has maintained a consistent presence and operations over several years, indicating resilience.
- Despite revenue fluctuations, the organization has managed to keep liabilities relatively stable in recent years.
Frequently Asked Questions about Preservation Mass Inc
Is Preservation Mass Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Preservation Mass Inc (EIN: 222627697) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Preservation Mass Inc spend its money?
Preservation Mass Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Preservation Mass Inc tax-deductible?
Preservation Mass Inc is registered as a tax-exempt nonprofit (EIN: 222627697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Preservation Mass Inc CEO make?
Preservation Mass Inc's highest-compensated officer earns $0 annually. The organization reported $594K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Preservation Mass Inc's spending goes to programs?
Preservation Mass Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Preservation Mass Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Preservation Mass Inc is above average for NTEE category A82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Preservation Mass Inc located?
Preservation Mass Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222627697. It is classified under NTEE code A82.
How many years of IRS 990 filings does Preservation Mass Inc have?
Preservation Mass Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $594K in total revenue.
What does Preservation Mass Inc do?
Preservation Mass Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Boston, Massachusetts. It is classified under NTEE code A82.
How much revenue does Preservation Mass Inc have?
Preservation Mass Inc reported total revenue of $593,500. Based on 13 IRS 990 filings on record.
What are Preservation Mass Inc's total assets?
Preservation Mass Inc holds total assets of $168,247 as reported in IRS 990 filings.
Where is Preservation Mass Inc located?
Preservation Mass Inc is based in Boston, Massachusetts.
What is Preservation Mass Inc's EIN?
Preservation Mass Inc's Employer Identification Number (EIN) is 222627697. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Preservation Mass Inc?
Preservation Mass Inc is classified under NTEE code A82 (Arts, Culture & Humanities).
Is Preservation Mass Inc a registered 501(c)(3)?
Yes, Preservation Mass Inc is recognized as a tax-exempt organization by the IRS. EIN: 222627697.
Does Preservation Mass Inc file IRS Form 990?
Yes, Preservation Mass Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Preservation Mass Inc's revenue in 2023?
In the 202309 filing period, Preservation Mass Inc reported total revenue of $381,477, total expenses of $469,939, and net assets of $141,522.
Is Preservation Mass Inc's revenue growing or declining?
Preservation Mass Inc's revenue is declining. Revenue went from $648,394 (202209) to $381,477 (202309), a -41.2% change. Based on 13 filings on record.
What is Preservation Mass Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Preservation Mass Inc covers tax period 202309. It shows revenue of $381,477, expenses of $469,939, total assets of $141,522, and liabilities of $201,559.
How much does Preservation Mass Inc spend on programs vs administration?
Based on IRS 990 analysis, Preservation Mass Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Preservation Mass Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Preservation Mass Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Preservation Mass Inc?
The following concerns were identified: Revenue has shown a significant decline from $648,394 in 2022 to $381,477 in 2023.. Administrative expenses in 2023 ($141,522) represent a substantial portion of the reduced revenue ($381,477).. The consistent reporting of $0 for executive compensation across multiple years is a red flag that requires clarification.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Preservation Mass Inc's strengths?
Positive indicators for Preservation Mass Inc include: The organization has maintained a consistent presence and operations over several years, indicating resilience.. Despite revenue fluctuations, the organization has managed to keep liabilities relatively stable in recent years.. These findings are derived from AI analysis of the organization's financial filings.
How does Preservation Mass Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which warrants further investigation to understand how leadership is compensated or if this reflects a volunteer-led structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does Preservation Mass Inc attract and retain qualified leadership, and what is the actual operational structure for management?
The consistent reporting of $0 for executive compensation suggests either a fully volunteer-led executive team or that compensation is being reported under a different category, which would require further scrutiny of their full IRS Form 990 filings to understand the true operational structure and leadership compensation model.
What specific factors contributed to the sharp decline in revenue from $648,394 in 2022 to $381,477 in 2023, and what strategies are in place to reverse this trend?
The provided data does not specify the reasons for the revenue drop. A detailed analysis of their fundraising activities, grant applications, and economic factors impacting their donor base would be necessary to understand this decline and evaluate their recovery strategies.
Filing History
IRS 990 filing history for Preservation Mass Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Preservation Mass Inc's revenue has grown by 40.9%, moving from $271K to $381K. Total assets decreased by 90% over the same period, from $1.4M to $142K. Total functional expenses rose by 29.3%, from $363K to $470K. In its most recent filing year (2023), Preservation Mass Inc reported a deficit of $88K, with expenses exceeding revenue. The organization holds $202K in liabilities against $142K in assets (debt-to-asset ratio: 142.4%), resulting in net assets of $-60,037.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $470K | $142K | $202K | — | — |
| 2022 | $648K | $661K | $83K | $47K | — | View 990 |
| 2021 | $531K | $548K | $61K | $283K | — | — |
| 2020 | $556K | $491K | $39K | $244K | — | — |
| 2019 | $514K | $547K | $29K | $299K | — | — |
| 2018 | $523K | $562K | $28K | $265K | — | View 990 |
| 2017 | $459K | $603K | $66K | $264K | — | View 990 |
| 2016 | $489K | $514K | $161K | $214K | — | View 990 |
| 2015 | $513K | $491K | $129K | $158K | — | View 990 |
| 2014 | $488K | $439K | $80K | $131K | — | View 990 |
| 2013 | $407K | $382K | $1.5M | $1.6M | — | View 990 |
| 2012 | $290K | $358K | $1.4M | $1.5M | — | View 990 |
| 2011 | $271K | $363K | $1.4M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $470K, and assets of $142K (revenue -41.2% year-over-year).
- 2022: Revenue of $648K, expenses of $661K, and assets of $83K (revenue +22.2% year-over-year).
- 2021: Revenue of $531K, expenses of $548K, and assets of $61K (revenue -4.5% year-over-year).
- 2020: Revenue of $556K, expenses of $491K, and assets of $39K (revenue +8.1% year-over-year).
- 2019: Revenue of $514K, expenses of $547K, and assets of $29K (revenue -1.7% year-over-year).
- 2018: Revenue of $523K, expenses of $562K, and assets of $28K (revenue +13.9% year-over-year).
- 2017: Revenue of $459K, expenses of $603K, and assets of $66K (revenue -6.2% year-over-year).
- 2016: Revenue of $489K, expenses of $514K, and assets of $161K (revenue -4.7% year-over-year).
- 2015: Revenue of $513K, expenses of $491K, and assets of $129K (revenue +5.3% year-over-year).
- 2014: Revenue of $488K, expenses of $439K, and assets of $80K (revenue +19.7% year-over-year).
- 2013: Revenue of $407K, expenses of $382K, and assets of $1.5M (revenue +40.3% year-over-year).
- 2012: Revenue of $290K, expenses of $358K, and assets of $1.4M (revenue +7.2% year-over-year).
- 2011: Revenue of $271K, expenses of $363K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preservation Mass Inc:
Data Sources and Methodology
This transparency report for Preservation Mass Inc 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.