Westlake Community Foundation Inc

Analysis

Westlake Community Foundation Inc is a registered charity in United States, based in Westlake, FL. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Westlake Community Foundation Inc reported income of $116k and spending of $1,448, leaving 99% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $116k (+57%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 1.2% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westlake Community Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Housing Land Trust Ventura County ($116k), NHS Stevens Housing Corporation ($116k) and Golden Oaks Apartments Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.