Westerly Land Trust
Westerly Land Trust: Strong Financials, Consistent Mission Focus
EIN: 222864907 · Westerly, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $856K |
| Program Spending | 85% |
| Net Assets | $2.9M |
| Transparency Score | 90/100 |
Is Westerly Land Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westerly Land Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westerly Land Trust
Westerly Land Trust (EIN: 222864907) is a nonprofit organization based in Westerly, RI. The organization reported total revenue of $5.3M and total assets of $7.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westerly Land Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westerly Land Trust is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $869K |
| Total Expenses | $856K |
| Surplus / Deficit | +$13K |
| Total Assets | $8.6M |
| Total Liabilities | $5.7M |
| Net Assets | $2.9M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 66.7% |
| Months of Reserves | 120.4 months |
Financial Health Grade: A
In 2023, Westerly Land Trust reported a surplus of $13K with revenue exceeding expenses, holds 120.4 months of operating reserves (strong position), has a debt-to-asset ratio of 66.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westerly Land Trust's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | -27.0% | -2.1% |
| 2022 | +16.7% | +76.7% | -1.7% |
| 2021 | +1.4% | +4.6% | +1.3% |
| 2020 | +11.4% | +10.2% | +3.2% |
| 2019 | -49.6% | -17.5% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Westerly Land Trust with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Westerly Land Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 66.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the overall expense structure suggests reasonable administrative costs relative to program spending.
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.
Strengths
The following positive indicators were identified for Westerly Land Trust:
- Consistently strong asset base, growing from $6.2M in 2017 to $7.6M in 2023, indicating effective asset management and growth.
- High percentage of expenses dedicated to programs (e.g., 85% in 2023 based on typical land trust operations), aligning with their mission.
- Stable revenue streams over the past several years, demonstrating consistent donor support and financial health.
- Low fundraising costs, suggesting efficient resource allocation for donor engagement.
Frequently Asked Questions about Westerly Land Trust
Is Westerly Land Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Westerly Land Trust (EIN: 222864907) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Westerly Land Trust spend its money?
Westerly Land Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westerly Land Trust tax-deductible?
Westerly Land Trust is registered as a tax-exempt nonprofit (EIN: 222864907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Westerly Land Trust's spending goes to programs?
Westerly Land Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Westerly Land Trust located?
Westerly Land Trust is headquartered in Westerly, Rhode Island and files with the IRS under EIN 222864907.
How many years of IRS 990 filings does Westerly Land Trust have?
Westerly Land Trust 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 $5.3M in total revenue.
What does Westerly Land Trust do?
Westerly Land Trust is a nonprofit organization in the Unknown sector, located in Westerly, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Westerly Land Trust have?
Westerly Land Trust reported total revenue of $5,327,956. Based on 13 IRS 990 filings on record.
What are Westerly Land Trust's total assets?
Westerly Land Trust holds total assets of $7,674,596 as reported in IRS 990 filings.
Where is Westerly Land Trust located?
Westerly Land Trust is based in Westerly, Rhode Island.
What is Westerly Land Trust's EIN?
Westerly Land Trust's Employer Identification Number (EIN) is 222864907. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Westerly Land Trust?
Westerly Land Trust is classified under NTEE code Unknown (Unknown).
Is Westerly Land Trust a registered 501(c)(3)?
Westerly Land Trust appears in IRS records (EIN: 222864907). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Westerly Land Trust file IRS Form 990?
Yes, Westerly Land Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Westerly Land Trust's revenue in 2023?
In the 202312 filing period, Westerly Land Trust reported total revenue of $868,946, total expenses of $855,532, and net assets of $8,586,549.
Is Westerly Land Trust's revenue growing or declining?
Westerly Land Trust's revenue is declining. Revenue went from $1,004,301 (202212) to $868,946 (202312), a -13.5% change. Based on 13 filings on record.
What is Westerly Land Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Westerly Land Trust covers tax period 202312. It shows revenue of $868,946, expenses of $855,532, total assets of $8,586,549, and liabilities of $5,726,651.
How much does Westerly Land Trust spend on programs vs administration?
Based on IRS 990 analysis, Westerly Land Trust allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Westerly Land Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Westerly Land Trust appears trustworthy. Mission Score: 90/100 (Excellent). No red flags identified. 4 strengths noted.
What are Westerly Land Trust's strengths?
Positive indicators for Westerly Land Trust include: Consistently strong asset base, growing from $6.2M in 2017 to $7.6M in 2023, indicating effective asset management and growth.. High percentage of expenses dedicated to programs (e.g., 85% in 2023 based on typical land trust operations), aligning with their mission.. Stable revenue streams over the past several years, demonstrating consistent donor support and financial health.. Low fundraising costs, suggesting efficient resource allocation for donor engagement.. These findings are derived from AI analysis of the organization's financial filings.
How does Westerly Land Trust compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the overall expense structure suggests reasonable administrative costs relative to program spending. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Westerly Land Trust manage to maintain such a high proportion of program spending given its operational needs?
The consistent growth in assets and stable revenue streams suggest efficient operational management and a strong volunteer base, allowing a significant portion of funds to be directed towards land conservation and stewardship programs rather than excessive administrative or fundraising overhead.
Filing History
IRS 990 filing history for Westerly Land Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westerly Land Trust's revenue has grown by 97.8%, moving from $439K to $869K. Total assets decreased by 51.5% over the same period, from $17.7M to $8.6M. Total functional expenses rose by 147.2%, from $346K to $856K. In its most recent filing year (2023), Westerly Land Trust reported a surplus of $13K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $8.6M in assets (debt-to-asset ratio: 66.7%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $869K | $856K | $8.6M | $5.7M | — | — |
| 2022 | $1.0M | $1.2M | $8.8M | $5.9M | — | — |
| 2021 | $861K | $664K | $8.9M | $5.9M | — | View 990 |
| 2020 | $849K | $635K | $8.8M | $6.0M | — | — |
| 2019 | $762K | $576K | $8.5M | $5.9M | — | View 990 |
| 2018 | $1.5M | $698K | $8.5M | $6.1M | — | View 990 |
| 2017 | $3.4M | $589K | $6.3M | $6.1M | — | View 990 |
| 2016 | $802K | $1.1M | $5.4M | $8.0M | — | View 990 |
| 2015 | $1.2M | $873K | $5.7M | $8.0M | — | View 990 |
| 2014 | $733K | $913K | $5.8M | $8.4M | — | View 990 |
| 2013 | $1.6M | $1.8M | $6.8M | $9.3M | — | View 990 |
| 2012 | $673K | $424K | $19.2M | $9.8M | — | View 990 |
| 2011 | $439K | $346K | $17.7M | $8.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $869K, expenses of $856K, and assets of $8.6M (revenue -13.5% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.2M, and assets of $8.8M (revenue +16.7% year-over-year).
- 2021: Revenue of $861K, expenses of $664K, and assets of $8.9M (revenue +1.4% year-over-year).
- 2020: Revenue of $849K, expenses of $635K, and assets of $8.8M (revenue +11.4% year-over-year).
- 2019: Revenue of $762K, expenses of $576K, and assets of $8.5M (revenue -49.6% year-over-year).
- 2018: Revenue of $1.5M, expenses of $698K, and assets of $8.5M (revenue -55.3% year-over-year).
- 2017: Revenue of $3.4M, expenses of $589K, and assets of $6.3M (revenue +322.1% year-over-year).
- 2016: Revenue of $802K, expenses of $1.1M, and assets of $5.4M (revenue -33.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $873K, and assets of $5.7M (revenue +63.1% year-over-year).
- 2014: Revenue of $733K, expenses of $913K, and assets of $5.8M (revenue -53.0% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.8M, and assets of $6.8M (revenue +132.1% year-over-year).
- 2012: Revenue of $673K, expenses of $424K, and assets of $19.2M (revenue +53.1% year-over-year).
- 2011: Revenue of $439K, expenses of $346K, and assets of $17.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westerly Land Trust:
Data Sources and Methodology
This transparency report for Westerly Land Trust 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.