The Westervelt Company

Analysis

The Westervelt Company is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in May 1960, 66 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 2023, The Westervelt Company reported income of $110k and spending of $110k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $110k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Westervelt Company sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within AL. Charities of a similar size with the same main cause include SCHLC Inc ($110k), Sedum Inc ($110k) and Hike for Mental Health Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.