The Westwood Community Urban Redevelopment Corporation

Analysis

The Westwood Community Urban Redevelopment Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1978, 48 years ago. 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, The Westwood Community Urban Redevelopment Corporation reported income of $64k and spending of $88k, spending 137% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $377k to $64k (-83%), an average of -59% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Westwood Community Urban Redevelopment Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Birthright of Johnstown Inc ($64k), Zion Christian Ministries ($64k) and American Society of Heating Refrigerating & A-C Engineers ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $503k against liabilities of $352k, net assets of $152k.