Westminster-Canterbury Corporation

Analysis

Westminster-Canterbury Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Westminster-Canterbury Corporation reported income of $82.6m and spending of $69.5m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $75.7m to $82.6m (+9.0%), an average of +2.2% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminster-Canterbury Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include John Knox Village of Florida Inc ($82.3m), Childrens Home Society of Florida ($82.6m) and Riseboro Community Partnership Inc ($82.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $284k (0.4% of expenses). Other salaries and wages came to $21.9m. At year end it held assets of $498.6m against liabilities of $369.7m, net assets of $128.9m. It reported 742 employees.