The Westminster Canterbury of Lynchburg Foundation Inc

Analysis

The Westminster Canterbury of Lynchburg Foundation Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in August 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Westminster Canterbury of Lynchburg Foundation Inc reported income of $992k and spending of $333k, leaving 66% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.1m to $992k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2020, when income rose by 86%. Over the whole period it spent 28% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Westminster Canterbury of Lynchburg Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Olm Senior Housing Development Fund Corporation ($991k), Friends of Boston Homeless Inc ($993k) and Direction61 3 ($991k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $9.6m against liabilities of $0, net assets of $9.6m.