Westminster Asbury East Inc

Analysis

Westminster Asbury East Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Asbury East Inc reported income of $443k and spending of $750k, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $407k to $443k (+8.8%), an average of +2.1% a year. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminster Asbury East Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Hamilton Place Housing Corporation ($442k), Ebc Housing III ($443k) and Ministerial Association Temporary Shelter Inc ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $208k. At year end it held assets of $7.6m against liabilities of $9.0m, net assets of -$1.4m.

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.