Westfield Residence Inc

Analysis

Westfield Residence Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Westfield Residence Inc reported income of $214k and spending of $213k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $224k to $214k (-4.6%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westfield Residence Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include North Square Gateway Terrace Inc ($214k), Yellowstone Country Assistance ($214k) and Two Hands Four Paws Foundation ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $12k (5.6% of expenses). Other salaries and wages came to $48k. At year end it held assets of $47k against liabilities of $0, net assets of $47k. It reported 3 employees.