Westminster-Canterbury on Chesapeake Bay

Analysis

Westminster-Canterbury on Chesapeake Bay is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Westminster-Canterbury on Chesapeake Bay reported income of $76.3m and spending of $70.2m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $62.7m to $76.3m (+22%), an average of +5.0% 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-Canterbury on Chesapeake Bay 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 VA. Charities of a similar size with the same main cause include Main Line Health Homecare & Hospice ($76.1m), California Association of Food Banks ($76.8m) and Embrace Families Community Based Care Inc ($76.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.3m (1.9% of expenses). Other salaries and wages came to $29.0m. At year end it held assets of $267.4m against liabilities of $264.8m, net assets of $2.6m. It reported 955 employees.