Westminster Foundation III Inc

Analysis

Westminster Foundation III Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 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 March 2023, Westminster Foundation III Inc reported income of $186k and spending of $2,553, leaving 99% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income fell from $368k to $186k (-49%), an average of -16% a year. The sharpest change came in the year to March 2020, when income rose by 413%. Over the whole period it spent 238% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminster Foundation III Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Margaret B Mack Supportive Housingcorporation ($186k), Affordable Caring Housing Inc ($186k) and Catalyst Development Corporation ($186k).

At year end it held assets of $23.6m against liabilities of $1.2m, net assets of $22.4m.