Oldways Preservation & Exchange Trust Inc

Analysis

Oldways Preservation & Exchange Trust Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1990, 36 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 June 2023, Oldways Preservation & Exchange Trust Inc reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.8m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oldways Preservation & Exchange Trust Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include United Way of Suwannee Valley Inc ($1.8m), Clinton Association for a Renewed Environment Inc ($1.8m) and Depaul School of North East Florida Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $222k (13% of expenses). Other salaries and wages came to $608k. At year end it held assets of $1.4m against liabilities of $282k, net assets of $1.1m. It reported 12 employees.