Westend Terzettos

Analysis

Westend Terzettos is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in September 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Westend Terzettos reported income of $86k and spending of $123k, spending 142% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $102k to $86k (-16%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westend Terzettos sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 24th percentile within ND. Charities of a similar size with the same main cause include Albany Area Housing Opportunities Inc ($86k), Sussex Retirement Associates Inc ($86k) and Morehouse Senior Apartments Inc ($86k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $251k against liabilities of $52k, net assets of $199k.