Wellfleet Preservation Hall

Analysis

Wellfleet Preservation Hall is a registered charity in United States, based in Wellfleet, MA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Wellfleet Preservation Hall reported income of $371k and spending of $667k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $605k to $371k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wellfleet Preservation Hall sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Center for Community Engagement ($371k), Peoplecare Center for Nonprofits Inc ($371k) and Canopy Certified Inc ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 20% of the total. Other salaries and wages came to $193k. At year end it held assets of $3.1m against liabilities of $541k, net assets of $2.6m. It reported 10 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.