Westminster Retirement Communities Foundation Inc

Analysis

Westminster Retirement Communities Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Westminster Retirement Communities Foundation Inc reported income of $8.3m and spending of $5.1m, leaving 38% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income fell from $9.9m to $8.3m (-16%), an average of -4.4% a year. The sharpest change came in the year to March 2021, when income rose by 65%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminster Retirement Communities Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Willow Gardens Inc ($8.3m), Bridges Community Action Partnership ($8.3m) and Homewood Living Ministries Inc ($8.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $98.8m against liabilities of $3.2m, net assets of $95.5m.