Westminster Presbyterian Homes Inc

Analysis

Westminster Presbyterian Homes Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Presbyterian Homes Inc reported income of $25.8m and spending of $28.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $25.8m (+816%), an average of +74% a year. The sharpest change came in the year to December 2021, when income rose by 363%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminster Presbyterian Homes Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include St Mark Village Inc ($25.7m), Chapman Partnership Inc ($25.8m) and Community Progress Council Inc ($25.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $221k (0.8% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $166.6m against liabilities of $186.6m, net assets of -$20.0m. It reported 169 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.