Westover Apartments Inc

Analysis

Westover Apartments Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, Westover Apartments Inc reported income of $249k and spending of $248k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $249k (+0.1%), an average of +0.0% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westover Apartments Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include James Madison High School Athletic Boosters Club Inc ($249k), Shalom Christian Missions Inc ($249k) and Fallbrook Youth Soccer League Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $476k against liabilities of $454k, net assets of $22k.