Westminister-Canterbury Management Corporation

Analysis

Westminister-Canterbury Management Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Westminister-Canterbury Management Corporation reported income of $16.4m and spending of $16.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.1m to $16.4m (+16%), an average of +3.8% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminister-Canterbury Management Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Ascentria Care Alliance Inc ($16.4m), Kidspeace National Centers of New England Inc ($16.4m) and The Southington-Cheshire Community Ymcas Inc ($16.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.9m (12% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $214.0m against liabilities of $4.7m, net assets of $209.3m. It reported 73 employees.