Westmoreland Apartments Inc

Analysis

Westmoreland Apartments Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Westmoreland Apartments Inc reported income of $135k and spending of $213k, spending 158% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $120k to $135k (+12%), an average of +3.0% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westmoreland Apartments Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WV. Charities of a similar size with the same main cause include Hilltop Manor Inc ($135k), Jacobs Place Homeless Mission ($136k) and Habitat for Humanity International Inc ($135k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.9m against liabilities of $16k, net assets of $1.9m.

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.