Westgate Foundation Inc

Analysis

Westgate Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Westgate Foundation Inc reported income of $5.3m and spending of $2.0m, leaving 61% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $878k to $5.3m (+499%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 842%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Westgate Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Community FDN of Southeast Kansas ($5.3m), Bicentennial Volunteers ($5.3m) and Elkhorn Slough Foundation ($5.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $497k. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.