Westminster Shores Inc

Analysis

Westminster Shores Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 1956, 70 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 March 2023, Westminster Shores Inc reported income of $16.6m and spending of $18.7m, spending 113% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $11.9m to $16.6m (+39%), an average of +8.7% a year. The sharpest change came in the year to March 2023, when income rose by 16%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminster Shores Inc 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 FL. Charities of a similar size with the same main cause include Food Research & Action Center Inc ($16.6m), Crisis Assistance Ministry ($16.6m) and Maravilla Foundation ($16.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $91.3m against liabilities of $110.5m, net assets of -$19.1m. It reported 145 employees.