Westcott House Foundation

Analysis

Westcott House Foundation is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in March 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Westcott House Foundation reported income of $538k and spending of $597k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $650k to $538k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westcott House Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Space 4 Art Inc ($538k), U N C a Award Committee Inc ($538k) and Poe Baltimore Inc ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $92k (15% of expenses). Other salaries and wages came to $117k. At year end it held assets of $2.1m against liabilities of $403k, net assets of $1.7m. It reported 8 employees.