Westminster Village Terre Haute Inc

Analysis

Westminster Village Terre Haute Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in July 1981, 45 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 December 2023, Westminster Village Terre Haute Inc reported income of $15.3m and spending of $16.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.9m to $15.3m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 16%. 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 Terre Haute 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 Feeding Wisconsin Inc ($15.3m), School Settlement Home Attendant Service Corp ($15.3m) and Cornerstones Inc ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $274k (1.6% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $14.5m against liabilities of $38.8m, net assets of -$24.3m. It reported 300 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.