Westminster Services Inc

Analysis

Westminster Services Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Westminster Services Inc reported income of $17.5m and spending of $18.1m, spending 103% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $13.5m to $17.5m (+30%), an average of +6.7% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminster Services Inc sits at the 97th percentile: it is larger than about 97% 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 Rocky Mountain Mutual Housing Association Inc ($17.5m), Atlanta Neighborhood Development Partnership Inc ($17.6m) and Sundari Foundation Inc ($17.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.9m (11% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $10.3m against liabilities of $10.1m, net assets of $132k. It reported 192 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.