Westminster Village North Inc

Analysis

Westminster Village North Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 September 2023, Westminster Village North Inc reported income of $27.3m and spending of $28.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $25.6m to $27.3m (+6.9%), an average of +1.7% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westminster Village North Inc sits at the 98th percentile: it is larger than about 98% 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 Richford Health Center Inc ($27.3m), Lancer Educational Housingcorporation ($27.3m) and Bridgeway Inc ($27.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $672k (2.4% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $63.1m against liabilities of $57.0m, net assets of $6.1m. It reported 533 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.