Westbay Community Action Inc

Analysis

Westbay Community Action Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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, Westbay Community Action Inc reported income of $20.8m and spending of $20.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $20.8m (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westbay Community Action Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include Mount Carmel College of Nursing ($20.8m), North East Community Action Corporation ($20.8m) and Institute for Medical Research Inc ($20.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $316k (1.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $9.7m against liabilities of $4.6m, net assets of $5.1m. It reported 118 employees.