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Rhode Island · Nonprofit

WESTERLY ARMORY RESTORATION INC

WESTERLY ARMORY RESTORATION INC (Rhode Island) receives grants from 10 organizations whose IRS filings report $154,946 to it, the largest being THE CHAMPLIN FOUNDATION ($75,000). 6 of them have funded it in more than one year.

Revenue FY2025
$340k
Funders on record
10
Grants received
$155k
Net assets
$1.6M
6/10 repeat funderspeak grant-dependency 35%
01What it does

What Westerly Armory Restoration Inc does

Mission

The mission of westerly armory restoration, inc is to restore the historic westerly armory (national register of historic places and a save americas treasures site) for use by its community as a museum and community building.

As stated on its FY2025 Form 990.

Programs

  1. Building maintenance, insurance and utilities to keep building available to community groups and events and also to house the museum portion of the property. This also includes a 90% allocation of depreciation on the building, equipment, fixtures and museum equipment.

    $66,387 spent
    71% of program spending
  2. Our sole paid employee handles general maintenance, booking community events in the hall, and access for the public. 75% of the wages and related payroll taxes are included.

    $21,460 spent
    23% of program spending
  3. 70% of office expenses, and general supplies are deemed to support the programs.

    $5,288 spent
    6% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $93,135.

02The organization over time

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.

100 = 20172017 Revenue 100 ($112k) Expenses 100 ($108k) Net assets 100 ($1.1M)2018 Revenue 144 ($162k) Expenses 112 ($121k) Net assets 104 ($1.2M)2019 Revenue 91 ($102k) Expenses 92 ($100k) Net assets 104 ($1.2M)2020 Revenue 100 ($113k) Expenses 94 ($101k) Net assets 105 ($1.2M)2021 Revenue 148 ($166k) Expenses 94 ($102k) Net assets 111 ($1.2M)2022 Revenue 198 ($222k) Expenses 100 ($109k) Net assets 121 ($1.3M)2023 Revenue 135 ($152k) Expenses 113 ($122k) Net assets 124 ($1.4M)2024 Revenue 139 ($155k) Expenses 115 ($125k) Net assets 126 ($1.4M)2025 Revenue 304 ($340k) Expenses 116 ($125k) Net assets 146 ($1.6M)
'17'18'19'20'21'22'23'24'25
Revenue (304)Expenses (116)Net assets (146)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $1.4M to $1.6M (+15%).

$1.1M
$1.2M
$1.2M
$1.2M
$1.2M
$1.3M
$1.4M
$1.4M
$1.6M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 30% · 2018 23% · 2019 36% · 2020 32% · 2021 23% · 2022 16% · 2023 23% · 2024 34% · 2025 59%. Grants only. Government contracts and fees sit inside program revenue.

86% of WESTERLY ARMORY RESTORATION INC’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).

This organization
Typical peer · 19,618 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$4k
’17
$41k
’18
$3k
’19
$11k
’20
$65k
’21
$114k
’22
$29k
’23
$31k
’24
$215k
’25
55
months of
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.

'17'18'19'20'21'22'23'24'25
Listed1211141478999
Joined·+1+7+0+0+2+1+1+1
No longer listed·24071011
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $13k → $31k.

From the IRS filings of WESTERLY ARMORY RESTORATION 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

WESTERLY ARMORY RESTORATION INC leans on a few funders — its largest provides 48% of grant income and the top three 81%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

48%
largest funder
81%
top three
~3
effective funders

Largest funder’s share by year: 2017 92% · 2018 67% · 2019 58% · 2020 87% · 2021 76% · 2022 100% · 2023 96% — growing more concentrated.

“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.

How long its funders stay

40% of WESTERLY ARMORY RESTORATION INC's funders are still giving 3 years after their first grant; 60% give in more than one year at all.

first grant+1y+2y+3y+4y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

WESTERLY ARMORY RESTORATION INC draws 57% of its grant income from funders outside Rhode Island, across 5 states in all.

IL
NY
PA
RI
DC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Rhode Island out of state home

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.

04Its place in the field

Against its field

WESTERLY ARMORY RESTORATION INC runs a healthier operating margin than three-quarters of the 12,262 arts & culture nonprofits its size.

Operating margin63% · top quartile
Months of reserve55.3mo · top quartile
Revenue growth (annualized)15% · above the median

this organization peer median middle 50% of peers· 12,262 arts & culture nonprofits $100k–$1M, FY2025

Organizations like WESTERLY ARMORY RESTORATION 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

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

74% of spending goes to programs.

Program 74%Management 16%Fundraising 10%

Governance

10
board members
90%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

99%

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 WESTERLY ARMORY RESTORATION 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.

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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 WESTERLY ARMORY RESTORATION INC?
WESTERLY ARMORY RESTORATION INC (Rhode Island) receives grants from 10 organizations whose IRS filings report $154,946 to it, the largest being THE CHAMPLIN FOUNDATION ($75,000). 6 of them have funded it in more than one year.
How many funders does WESTERLY ARMORY RESTORATION INC have?
IRS filings report 10 organizations giving $154,946 in grants to WESTERLY ARMORY RESTORATION INC, 6 of which have funded it in more than one year.
Who is the largest funder of WESTERLY ARMORY RESTORATION INC?
THE CHAMPLIN FOUNDATION is the largest funder on record, with $75,000 in grants. The full list of funders is on this page.
How can an organization like WESTERLY ARMORY RESTORATION 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 Armory Restoration →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 10 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 22, 2026. What this page cannot tell you · view filing