Westminster Village West Lafayette Inc

Analysis

Westminster Village West Lafayette Inc is a registered charity in United States, based in W Lafayette, IN. It received its IRS tax-exemption ruling in June 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 2023, Westminster Village West Lafayette Inc reported income of $24.8m and spending of $27.6m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $23.9m to $24.8m (+3.7%), an average of +1.2% a year. 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 West Lafayette Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Mercy Retirement Care Center ($24.7m), Jefferson County Committee for Economic Opportunity ($24.8m) and Community Systems Inc ($24.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $227k (0.8% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $100.1m against liabilities of $109.6m, net assets of -$9.5m. It reported 413 employees.