Westminster Pines Inc

Analysis

Westminster Pines Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Pines Inc reported income of $18.1m and spending of $19.6m, spending 108% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $11.3m to $18.1m (+60%), an average of +13% a year. The sharpest change came in the year to March 2022, when income rose by 43%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminster Pines 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 Quality Senior Housing Foundaton Inc ($18.0m), Actors Fund Housing Development Corporation ($18.2m) and Life Skills Training and Educational Programs Inc ($18.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $109.4m against liabilities of $132.2m, net assets of -$22.8m. It reported 183 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.