Westminster Village Muncie Inc

Analysis

Westminster Village Muncie Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in May 1982, 44 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 June 2024, Westminster Village Muncie Inc reported income of $15.6m and spending of $17.4m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $14.3m to $15.6m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminster Village Muncie Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Community Services League of Jackson County ($15.6m), Oakwood Village University Woods Apartments Inc ($15.6m) and Hope Haven Area Development Center Corporation ($15.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $328k (1.9% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $21.8m against liabilities of $16.1m, net assets of $5.7m. It reported 344 employees.