Westerly Courts Inc

Analysis

Westerly Courts Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westerly Courts Inc reported income of $149k and spending of $188k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $146k to $149k (+1.8%), an average of +0.4% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westerly Courts Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within RI. Charities of a similar size with the same main cause include Great Falls Supportive Housing Inc ($149k), Plymouth Manor Retirement Home ($149k) and McKinzie Gardens II Inc ($149k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 29% of the total. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$474k.

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.