Westmoreland Cultural Trust

Analysis

Westmoreland Cultural Trust is a registered charity in United States, based in Greensburg, PA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Westmoreland Cultural Trust reported income of $6.4m and spending of $6.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $6.4m (+159%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Westmoreland Cultural Trust sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include The Putnam County Community Foundation Inc ($6.4m), Long Beach Community Foundation ($6.4m) and Stratis Health ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $366k (5.7% of expenses). Other salaries and wages came to $859k. At year end it held assets of $16.0m against liabilities of $2.1m, net assets of $13.9m. It reported 34 employees.