Westland Taylor Corporation

Analysis

Westland Taylor Corporation is a registered charity in United States, based in Westland, MI. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Westland Taylor Corporation reported income of $5.5m and spending of $3.7m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $5.5m (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westland Taylor Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Tapestry Family Services Inc ($5.5m), Camp Courageous of Iowa Foundation ($5.5m) and Brunswick Senior Resources Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $135k (3.6% of expenses). Other salaries and wages came to $489k. At year end it held assets of $13.5m against liabilities of $11.0m, net assets of $2.4m. It reported 12 employees.