Westcare Foundation Inc

Analysis

Westcare Foundation Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Westcare Foundation Inc reported income of $20.6m and spending of $22.4m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.6m to $20.6m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westcare Foundation 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 98th percentile within NV. Charities of a similar size with the same main cause include San Camillo Inc ($20.6m), Connections for Children ($20.6m) and Mary Campbell Center ($20.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.5m (6.7% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $16.0m against liabilities of $41.5m, net assets of -$25.5m. It reported 186 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.