Wayne Montgomery Old Paths Tract Society

Analysis

Wayne Montgomery Old Paths Tract Society is a registered charity in United States, based in Shoals, IN. It received its IRS tax-exemption ruling in July 1976, 50 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, Wayne Montgomery Old Paths Tract Society reported income of $700k and spending of $630k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $573k to $700k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wayne Montgomery Old Paths Tract Society 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 IN. Charities of a similar size with the same main cause include Friends of the Free State Capitol Inc ($700k), Broome County Arts Council Inc ($700k) and Partnerships for Literacy and Learning Corp ($700k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $287k. At year end it held assets of $418k against liabilities of $0, net assets of $418k. It reported 15 employees.