Westerly Land Trust

Analysis

Westerly Land Trust is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in February 1988, 38 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, Westerly Land Trust reported income of $869k and spending of $856k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $762k to $869k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westerly Land Trust sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within RI. Charities of a similar size with the same main cause include Canyon Hills Soccer Association ($869k), Miami Veterinary Foundation Inc ($869k) and Cristo Rey de LA Salle East Bay Work Program ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $128k (15% of expenses). Other salaries and wages came to $177k. At year end it held assets of $8.6m against liabilities of $5.7m, net assets of $2.9m. It reported 5 employees.