Westminster Foundation

Analysis

Westminster Foundation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Westminster Foundation reported income of $160k and spending of $1.3m, spending 805% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.3m to $160k (-98%), an average of -62% a year. The sharpest change came in the year to June 2023, when income dropped by 95%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Westminster Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Bill Graham Memorial Foundation ($160k), Chance Sobriety Ministries Inc ($160k) and Stanislaus County Office of Education Charitable Foundation ($160k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $8.8m against liabilities of $286k, net assets of $8.5m.