West Street Corporation

Analysis

West Street Corporation is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, West Street Corporation reported income of $68k and spending of $103k, spending 151% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $64k to $68k (+7.3%), an average of +2.4% a year. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, West Street Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Santas Toy Shoppe Inc ($68k), Mary a Nordale House Foundation ($68k) and Caribou Cares Inc ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $491k against liabilities of $387k, net assets of $103k.

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.