Nantucket Preservation Trust Inc

Analysis

Nantucket Preservation Trust Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Nantucket Preservation Trust Inc reported income of $563k and spending of $549k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $575k to $563k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nantucket Preservation Trust Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Lime Kiln Arts Inc ($563k), Royal Shakespeare Company America ($563k) and Lifeline Productions Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $162k (30% of expenses). At year end it held assets of $1.2m against liabilities of $154k, net assets of $1.1m. It reported 4 employees.