Westerly Armory Restoration

Analysis

Westerly Armory Restoration is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in June 1993, 33 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 September 2023, Westerly Armory Restoration reported income of $152k and spending of $122k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $102k to $152k (+48%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 48%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westerly Armory Restoration sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within RI. Charities of a similar size with the same main cause include Alaska Native Voices Educational Institute ($152k), All Are Stars Productions ($152k) and Northrop Choral Association ($152k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $26k (21% of expenses). At year end it held assets of $1.4m against liabilities of $1,135, net assets of $1.4m. It reported 1 employees.