Westminster Home Connection

Analysis

Westminster Home Connection is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Westminster Home Connection reported income of $1.5m and spending of $950k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $703k to $1.5m (+118%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westminster Home Connection sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Alpha Productions Technologies Inc ($1.5m), First Flight Venture Center Inc ($1.5m) and Womens Enterprise Development Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $91k (9.6% of expenses). Other salaries and wages came to $87k. At year end it held assets of $1.9m against liabilities of $76k, net assets of $1.8m. It reported 8 employees.