Westminister Towers Inc

Analysis

Westminister Towers Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in October 1966, 60 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westminister Towers Inc reported income of $3.1m and spending of $2.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.1m (+7.6%), an average of +1.9% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westminister Towers Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Century Fund Corporation ($3.1m), Non-Profit Housing Association of Northern California ($3.1m) and Habitat for Humanity International Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Other salaries and wages came to $327k. At year end it held assets of $6.6m against liabilities of $238k, net assets of $6.4m. It reported 9 employees.