The Westminster Foundation Inc

Analysis

The Westminster Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1982, 44 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 Westminster Foundation Inc reported income of $163k and spending of $174k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $457k to $163k (-64%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 152% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Westminster Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Eel Holdings & Development ($163k), Flinn Place Inc ($163k) and Nami-Ventura County ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.