Westminster-Canterbury Development Corporation

Analysis

Westminster-Canterbury Development Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 2017, 9 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Westminster-Canterbury Development Corporation reported income of $129k and spending of $172k, spending 133% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $160k to $129k (-19%), an average of -10% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 43% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westminster-Canterbury Development Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Kentucky Coal County Coalition Inc ($129k), Burlington Downtown Corporation ($129k) and Accompany Worldwide Inc ($129k).

Other salaries and wages came to $103k. At year end it held assets of $10.6m against liabilities of $8.7m, net assets of $2.0m.