Westminster Preservation Trust Incorporated

Analysis

Westminster Preservation Trust Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 1979, 47 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westminster Preservation Trust Incorporated reported income of $109k and spending of $172k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $162k to $109k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2022, when income rose by 269%. Over the whole period it spent 153% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westminster Preservation Trust Incorporated sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Torah Lishmah Institute Inc ($109k), Western States Hostage Negotiators Association ($109k) and Anglican Theological Review Inc ($109k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 54% of the total. Other salaries and wages came to $4,912. At year end it held assets of $1.9m against liabilities of $70k, net assets of $1.8m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.