Preservation Society Of Asheville And Buncombe County Inc
EIN: 591768097 · Asheville, NC · NTEE: A82Z
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $428K |
| Net Assets | $1.9M |
Is Preservation Society Of Asheville And Buncombe County Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Preservation Society Of Asheville And Buncombe County Inc
Preservation Society Of Asheville And Buncombe County Inc (EIN: 591768097) is a nonprofit organization based in Asheville, NC, classified under NTEE code A82Z. The organization reported total revenue of $1.3M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preservation Society Of Asheville And Buncombe County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preservation Society Of Asheville And Buncombe County Inc is a mid-size nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 30.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $650K |
| Total Expenses | $428K |
| Surplus / Deficit | +$222K |
| Total Assets | $1.9M |
| Total Liabilities | $12K |
| Net Assets | $1.9M |
| Operating Margin | 34.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 54.4 months |
Financial Health Grade: A
In 2024, Preservation Society Of Asheville And Buncombe County Inc reported a surplus of $222K with revenue exceeding expenses, holds 54.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Preservation Society Of Asheville And Buncombe County Inc's revenue has grown at a compound annual growth rate (CAGR) of 30.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +28.9% | +44.1% | +14.1% |
| 2023 | -41.0% | +13.3% | +12.1% |
| 2022 | +536.6% | +18.2% | +72.2% |
| 2021 | -58.7% | +6.9% | -9.9% |
| 2020 | -34.4% | +4.2% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Preservation Society Of Asheville And Buncombe County Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Preservation Society Of Asheville And Buncombe County Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $222K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Preservation Society Of Asheville And Buncombe County Inc
Is Preservation Society Of Asheville And Buncombe County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Preservation Society Of Asheville And Buncombe County Inc (EIN: 591768097) insufficient data. 0 red flags identified, 0 strengths noted.
How does Preservation Society Of Asheville And Buncombe County Inc spend its money?
Detailed spending breakdown data is not yet available for Preservation Society Of Asheville And Buncombe County Inc. Check back for updated IRS 990 analysis.
Are donations to Preservation Society Of Asheville And Buncombe County Inc tax-deductible?
Preservation Society Of Asheville And Buncombe County Inc is registered as a tax-exempt nonprofit (EIN: 591768097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Preservation Society Of Asheville And Buncombe County Inc located?
Preservation Society Of Asheville And Buncombe County Inc is headquartered in Asheville, North Carolina and files with the IRS under EIN 591768097. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Preservation Society Of Asheville And Buncombe County Inc have?
Preservation Society Of Asheville And Buncombe County Inc has 14 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Preservation Society Of Asheville And Buncombe County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Preservation Society Of Asheville And Buncombe County Inc's revenue has grown by 3225.4%, moving from $20K to $650K. Total assets increased by 570.3% over the same period, from $289K to $1.9M. Total functional expenses rose by 539.7%, from $67K to $428K. In its most recent filing year (2024), Preservation Society Of Asheville And Buncombe County Inc reported a surplus of $222K, with revenue exceeding expenses. The organization holds $12K in liabilities against $1.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $650K | $428K | $1.9M | $12K | — | — |
| 2023 | $504K | $297K | $1.7M | $25K | — | View 990 |
| 2022 | $855K | $262K | $1.5M | $54K | — | View 990 |
| 2021 | $134K | $222K | $879K | $8K | — | View 990 |
| 2020 | $325K | $207K | $976K | $17K | — | View 990 |
| 2019 | $496K | $199K | $882K | $21K | — | View 990 |
| 2018 | $393K | $134K | $587K | $24K | — | View 990 |
| 2017 | $122K | $79K | $321K | $18K | — | View 990 |
| 2016 | $209K | $78K | $278K | $18K | — | View 990 |
| 2015 | $67K | $70K | $149K | $20K | — | View 990 |
| 2014 | $44K | $73K | $170K | $51K | — | View 990 |
| 2013 | $41K | $72K | $196K | $49K | — | View 990 |
| 2012 | $29K | $71K | $231K | $53K | — | View 990 |
| 2011 | $20K | $67K | $289K | $69K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $650K, expenses of $428K, and assets of $1.9M (revenue +28.9% year-over-year).
- 2023: Revenue of $504K, expenses of $297K, and assets of $1.7M (revenue -41.0% year-over-year).
- 2022: Revenue of $855K, expenses of $262K, and assets of $1.5M (revenue +536.6% year-over-year).
- 2021: Revenue of $134K, expenses of $222K, and assets of $879K (revenue -58.7% year-over-year).
- 2020: Revenue of $325K, expenses of $207K, and assets of $976K (revenue -34.4% year-over-year).
- 2019: Revenue of $496K, expenses of $199K, and assets of $882K (revenue +26.1% year-over-year).
- 2018: Revenue of $393K, expenses of $134K, and assets of $587K (revenue +221.7% year-over-year).
- 2017: Revenue of $122K, expenses of $79K, and assets of $321K (revenue -41.4% year-over-year).
- 2016: Revenue of $209K, expenses of $78K, and assets of $278K (revenue +212.0% year-over-year).
- 2015: Revenue of $67K, expenses of $70K, and assets of $149K (revenue +51.7% year-over-year).
- 2014: Revenue of $44K, expenses of $73K, and assets of $170K (revenue +8.9% year-over-year).
- 2013: Revenue of $41K, expenses of $72K, and assets of $196K (revenue +41.4% year-over-year).
- 2012: Revenue of $29K, expenses of $71K, and assets of $231K (revenue +46.6% year-over-year).
- 2011: Revenue of $20K, expenses of $67K, and assets of $289K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preservation Society Of Asheville And Buncombe County Inc:
Data Sources and Methodology
This transparency report for Preservation Society Of Asheville And Buncombe County 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.