Westwater Financial Inc

Analysis

Westwater Financial Inc is a registered charity in United States, based in Windsor, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Westwater Financial Inc reported income of $250k and spending of $326k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $250k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westwater Financial Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Connected Hearts ($250k), Golden Path ($250k) and Select Cobb Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $204k (62% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.