Westminster Village Inc

Analysis

Westminster Village Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Westminster Village Inc reported income of $23.9m and spending of $23.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.5m to $23.9m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westminster Village Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Reformed Church of Highland Park Affordable Housing Corporation ($23.9m), Society of St Vincent de Paul Archdiocesan Council of St Louis ($23.9m) and Area Resources for Community and Human Services ($23.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $815k (3.5% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $45.7m against liabilities of $57.7m, net assets of -$12.1m. It reported 211 employees.