Wellfleet Preservation Hall
Wellfleet Preservation Hall faces recent operating deficits despite stable assets and no executive compensation.
EIN: 141980689 · Wellfleet, MA · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $570K |
| Total Expenses | $667K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.6M |
| Transparency Score | 85/100 |
Is Wellfleet Preservation Hall Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wellfleet Preservation Hall directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wellfleet Preservation Hall
Wellfleet Preservation Hall (EIN: 141980689) is a nonprofit organization based in Wellfleet, MA, classified under NTEE code S20. The organization reported total revenue of $570K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellfleet Preservation Hall's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellfleet Preservation Hall is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $371K |
| Total Expenses | $667K |
| Surplus / Deficit | $-295,129 |
| Total Assets | $3.1M |
| Total Liabilities | $541K |
| Net Assets | $2.6M |
| Operating Margin | -79.5% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 56.0 months |
Financial Health Grade: B
In 2023, Wellfleet Preservation Hall reported a deficit of $295K with expenses exceeding revenue, holds 56.0 months of operating reserves (strong position), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wellfleet Preservation Hall's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.8% | +8.8% | -7.2% |
| 2022 | -11.5% | +25.4% | -8.9% |
| 2021 | +27.4% | +15.3% | +0.8% |
| 2020 | -36.9% | -13.4% | -0.6% |
| 2019 | -0.1% | -0.6% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wellfleet Preservation Hall with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wellfleet Preservation Hall allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $295K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.4%.
Executive Compensation Analysis
Wellfleet Preservation Hall reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly commendable for an organization of its size with assets exceeding $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wellfleet Preservation Hall's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $666,508 vs. revenue $371,379)
- Declining asset base from a high of $3,754,692 in 2014 to $3,108,228 in 2023
Strengths
The following positive indicators were identified for Wellfleet Preservation Hall:
- 0% officer compensation reported across all filings, indicating high efficiency and dedication to mission
- Stable and substantial asset base ($3,108,228 in 2023) providing financial cushion
- Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent operation
Frequently Asked Questions about Wellfleet Preservation Hall
Is Wellfleet Preservation Hall a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellfleet Preservation Hall (EIN: 141980689) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Wellfleet Preservation Hall spend its money?
Wellfleet Preservation Hall directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wellfleet Preservation Hall tax-deductible?
Wellfleet Preservation Hall is registered as a tax-exempt nonprofit (EIN: 141980689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wellfleet Preservation Hall CEO make?
Wellfleet Preservation Hall's highest-compensated officer earns $3 annually. The organization reported $570K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wellfleet Preservation Hall's spending goes to programs?
Wellfleet Preservation Hall directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wellfleet Preservation Hall compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wellfleet Preservation Hall is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wellfleet Preservation Hall located?
Wellfleet Preservation Hall is headquartered in Wellfleet, Massachusetts and files with the IRS under EIN 141980689. It is classified under NTEE code S20.
How many years of IRS 990 filings does Wellfleet Preservation Hall have?
Wellfleet Preservation Hall has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $570K in total revenue.
Is Wellfleet Preservation Hall a good charity?
Based on the available data, Wellfleet Preservation Hall appears to be a good charity, particularly due to its strong program focus and the complete absence of executive compensation, which suggests a high dedication to its mission. However, recent operating deficits where expenses have exceeded revenue (e.g., $666,508 in expenses vs. $371,379 in revenue in 2023) warrant monitoring for long-term financial sustainability.
What are the primary financial challenges facing Wellfleet Preservation Hall?
The primary financial challenge is the consistent operating deficit in recent years, where expenses have significantly outpaced revenue. For example, in 2023, expenses were $666,508 while revenue was only $371,379. This trend, if not addressed, could erode the organization's asset base over time.
How does Wellfleet Preservation Hall manage its administrative costs?
While specific detailed breakdowns of administrative costs are not provided in the summary, the overall spending efficiency, coupled with 0% officer compensation, suggests a lean approach to administrative overhead. Our estimated spending breakdown allocates 15% to administration, which is a reasonable ratio for a nonprofit.
Filing History
IRS 990 filing history for Wellfleet Preservation Hall showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wellfleet Preservation Hall's revenue has declined by 53.9%, moving from $805K to $371K. Total assets decreased by 11% over the same period, from $3.5M to $3.1M. Total functional expenses rose by 103.3%, from $328K to $667K. In its most recent filing year (2023), Wellfleet Preservation Hall reported a deficit of $295K, with expenses exceeding revenue. The organization holds $541K in liabilities against $3.1M in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $371K | $667K | $3.1M | $541K | — | — |
| 2022 | $431K | $613K | $3.4M | $532K | — | View 990 |
| 2021 | $487K | $489K | $3.7M | $569K | — | View 990 |
| 2020 | $382K | $424K | $3.7M | $568K | — | — |
| 2019 | $605K | $490K | $3.7M | $559K | — | View 990 |
| 2018 | $606K | $493K | $3.6M | $651K | — | View 990 |
| 2017 | $311K | $471K | $3.5M | $591K | — | — |
| 2016 | $373K | $478K | $3.6M | $591K | — | View 990 |
| 2015 | $369K | $428K | $3.7M | $588K | — | View 990 |
| 2014 | $331K | $410K | $3.8M | $597K | — | View 990 |
| 2013 | $391K | $375K | $3.8M | $605K | — | View 990 |
| 2012 | $696K | $348K | $3.8M | $618K | — | View 990 |
| 2011 | $805K | $328K | $3.5M | $627K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $371K, expenses of $667K, and assets of $3.1M (revenue -13.8% year-over-year).
- 2022: Revenue of $431K, expenses of $613K, and assets of $3.4M (revenue -11.5% year-over-year).
- 2021: Revenue of $487K, expenses of $489K, and assets of $3.7M (revenue +27.4% year-over-year).
- 2020: Revenue of $382K, expenses of $424K, and assets of $3.7M (revenue -36.9% year-over-year).
- 2019: Revenue of $605K, expenses of $490K, and assets of $3.7M (revenue -0.1% year-over-year).
- 2018: Revenue of $606K, expenses of $493K, and assets of $3.6M (revenue +94.7% year-over-year).
- 2017: Revenue of $311K, expenses of $471K, and assets of $3.5M (revenue -16.7% year-over-year).
- 2016: Revenue of $373K, expenses of $478K, and assets of $3.6M (revenue +1.2% year-over-year).
- 2015: Revenue of $369K, expenses of $428K, and assets of $3.7M (revenue +11.4% year-over-year).
- 2014: Revenue of $331K, expenses of $410K, and assets of $3.8M (revenue -15.2% year-over-year).
- 2013: Revenue of $391K, expenses of $375K, and assets of $3.8M (revenue -43.9% year-over-year).
- 2012: Revenue of $696K, expenses of $348K, and assets of $3.8M (revenue -13.5% year-over-year).
- 2011: Revenue of $805K, expenses of $328K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellfleet Preservation Hall:
Data Sources and Methodology
This transparency report for Wellfleet Preservation Hall is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.