Preston Memorial Foundation I Incorporated is a 501(c)(3) organization based in Kingwood, West Virginia, registered in 1997, with $112,202 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$112K
▲ 1.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$39K
Net assets
$1.5M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Preston Memorial Foundation I Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Preston Memorial Foundation I Incorporated: 462 mo reserves · +65% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Preston Memorial Foundation I Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Preston Memorial Foundation I Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $75K (FY2010) to $112K (FY2024) across 14 reported years.
Financial snapshot
Operating margin
64.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$734
Net assets
$1.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $112,202▲1.0% | $39,450▼8.7% | $1,517,895▲3.4% | $1,518,629▲3.5% | 990 |
| 2023 | $111,042▲450% | $43,214▲800% | $1,467,781▲7.9% | $1,467,943▲7.6% | 990 |
| 2022 | $20,189▼74.5% | $4,804▼62.2% | $1,360,800▼4.4% | $1,363,972▼4.5% | 990 |
| 2021 | $79,281▼16.1% | $12,710▼20.4% | $1,423,877▼8.9% | $1,427,939▼8.8% | 990 |
| 2020 | $94,535▼1.5% | $15,967▲4.7% | $1,563,536▲6.5% | $1,566,572▲6.3% | 990 |
| 2019 | $95,939▼31.6% | $15,243▼62.8% | $1,468,513▲9.1% | $1,473,165▲8.0% | 990 |
| 2018 | $140,205▲31.5% | $40,993▼31.1% | $1,346,407▲11.7% | $1,364,210▲11.2% | 990 |
| 2017 | $106,632▲7.9% | $59,461▲76.4% | $1,205,908▲1.4% | $1,226,264▲1.3% | 990 |
| 2016 | $98,781▼14.4% | $33,710▼5.4% | $1,189,151▲5.2% | $1,210,364▲5.2% | 990 |
| 2015 | $115,375▼37.5% | $35,633▲17.6% | $1,130,206▲8.4% | $1,150,666▲8.4% | 990 |
| 2014 | $184,619▼25.8% | $30,312▼59.9% | $1,042,831▲56.6% | $1,061,551▲58.7% | 990 |
| 2013 | $248,658 | $75,523▲68.8% | $665,720▲37.9% | $668,722▲37.1% | 990 |
| 2012 | — | $44,746▼53.8% | $482,794▲17.8% | $487,716▲12.9% | 990 |
| 2011 | $168,467▲125% | $96,926▲115% | $409,713▲35.2% | $431,804▲35.4% | 990EZ |
| 2010 | $74,913 | $45,124 | $303,056 | $318,963 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Preston Memorial Foundation I Incorporated (EIN 55-0740121) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.