Peter Westbrook Foundation Inc

Analysis

Peter Westbrook Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1987, 39 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 December 2023, Peter Westbrook Foundation Inc reported income of $559k and spending of $969k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $559k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 151% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peter Westbrook Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Neurofibromatosis Incorporated Northeast ($559k), Hickory Soup Kitchen Inc ($559k) and Morris Hockey Association Inc ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $185k (19% of expenses). Other salaries and wages came to $41k. At year end it held assets of $14.9m against liabilities of $31k, net assets of $14.8m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.