Westside Ministries Inc

Analysis

Westside Ministries Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2002, 24 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 December 2023, Westside Ministries Inc reported income of $3.1m and spending of $3.3m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.1m (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 132%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westside Ministries Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Martindale-Brightwood Community Development Corporation ($3.1m), Oaksatl Community Development Incorporated ($3.1m) and Sunnycrest Village ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $89k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.1m against liabilities of $379k, net assets of $710k. It reported 66 employees.