Rhode Island · Nonprofit
THE WESTERLY REVOLVING FUND INC
THE WESTERLY REVOLVING FUND INC (Rhode Island) receives grants from 4 organizations whose IRS filings report $86,400 to it, the largest being FORREST C & FRANCES H LATTNER FOUNDATION ($50,000). 2 of them have funded it in more than one year.
- Revenue FY2024
- $423
- Funders on record
- 4
- Grants received
- $86k
- Net assets
- $31k
What The Westerly Revolving Fund Inc does
Mission
To preserve historical heritage of westerly and stimulate community revitalization.
As stated on its FY2024 Form 990-EZ.
Programs
Revolving fund loan program - the organization became established to provide technical services to property owners in westerly's historic neighborhoods. Staff will prepare for cost estimates for properties and exterior specifications for residential or commercial properties, and monitor restorations.
$390 spent100% of program spendingCommunity revitalization program - in april 2019, the organization purchased a mixed-use historic property in need of renovation at 134 main st, westerly, ri. The organization began the renovations immediately. All related expenditures were capitalized and the completed project was sold on july 1, 2021.
The 2 programs described on its FY2025 Form 990-EZ. Program spending in total: $390.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $699k to $33k (−95%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
4% of THE WESTERLY REVOLVING FUND INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (78% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2019 → 2021: the base broadened from 1 funder to 2 funders, grant income fell $25k → $19k.
From the IRS filings of THE WESTERLY REVOLVING FUND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE WESTERLY REVOLVING FUND INC leans on a few funders — its largest provides 58% of grant income and the top three 98%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2019 100% · 2020 58% · 2021 73% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
60% of THE WESTERLY REVOLVING FUND INC's grant income comes from Rhode Island funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE WESTERLY REVOLVING FUND INC's revenue fell 98% between 2017 and 2024.
this organization peer median middle 50% of peers· 14,550 arts & culture nonprofits under $100k, FY2024
Organizations like THE WESTERLY REVOLVING FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Rhode Island
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
34%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for THE WESTERLY REVOLVING FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE WESTERLY REVOLVING FUND INC?
- THE WESTERLY REVOLVING FUND INC (Rhode Island) receives grants from 4 organizations whose IRS filings report $86,400 to it, the largest being FORREST C & FRANCES H LATTNER FOUNDATION ($50,000). 2 of them have funded it in more than one year.
- How many funders does THE WESTERLY REVOLVING FUND INC have?
- IRS filings report 4 organizations giving $86,400 in grants to THE WESTERLY REVOLVING FUND INC, 2 of which have funded it in more than one year.
- Who is the largest funder of THE WESTERLY REVOLVING FUND INC?
- FORREST C & FRANCES H LATTNER FOUNDATION is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
- How can an organization like THE WESTERLY REVOLVING FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Westerly Revolving →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing