Edith Wharton Restoration Inc

Analysis

Edith Wharton Restoration Inc is a registered charity in United States, based in Lenox, MA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Edith Wharton Restoration Inc reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $10.7m to $3.6m (-66%), an average of -24% a year. The sharpest change came in the year to March 2021, when income dropped by 69%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edith Wharton Restoration Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Legal Outreach Inc ($3.6m), Boy Scouts of America ($3.6m) and Seniors in Service of Tampa Bay Inc ($3.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 44% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $170k (4.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $20.1m against liabilities of $443k, net assets of $19.7m. It reported 82 employees.