Westminster Village Inc

Analysis

Westminster Village Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in March 1984, 42 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 June 2024, Westminster Village Inc reported income of $29.8m and spending of $31.9m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $20.1m to $29.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminster Village 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 IL. Charities of a similar size with the same main cause include Young Mens Christian Association of Coastal Georgia Inc ($29.8m), Southwestern Exposition and Livestock Show ($29.8m) and Alpha One ($29.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $450k (1.4% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $95.3m against liabilities of $89.0m, net assets of $6.3m. It reported 477 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.