Westminster Senior Apartments of San Diego Inc

Analysis

Westminster Senior Apartments of San Diego Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Westminster Senior Apartments of San Diego Inc reported income of $1.3m and spending of $221k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 17% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminster Senior Apartments of San Diego Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Homes 4 Homes ($1.3m), Independence Square RHF Housing Inc ($1.3m) and Greenwood Pathway House Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 17% of the total. At year end it held assets of $42.1m against liabilities of $680k, net assets of $41.4m.