Waterworks Preservation Trust Inc

Analysis

Waterworks Preservation Trust Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in September 2009, 17 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 December 2023, Waterworks Preservation Trust Inc reported income of $698k and spending of $382k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $698k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waterworks Preservation Trust Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Heartbeat Denver Incorporated ($697k), Friends Forever ($698k) and Fairbanks Childrens Museum ($697k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 46% of the total. At year end it held assets of $2.7m against liabilities of $64k, net assets of $2.6m.