Westminster Place

Analysis

Westminster Place is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in December 1940, 86 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 March 2024, Westminster Place reported income of $61.3m and spending of $59.2m, spending 96% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $55.2m to $61.3m (+11%), an average of +2.7% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminster Place sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Lakewood Resource and Referral Center Inc ($61.1m), Home of the Innocents ($61.4m) and Area Agency on Aging of Western Michigan Inc ($61.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 4.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $267k (0.5% of expenses). Other salaries and wages came to $21.3m. At year end it held assets of $184.5m against liabilities of $139.3m, net assets of $45.2m. It reported 502 employees.