The Westminster Canterbury Of Lynchburg Foundation Inc
Westminster Canterbury Foundation consistently grows assets with no liabilities and 0% officer compensation.
EIN: 205521424 · Lynchburg, VA · NTEE: L11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $333K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $9.6M |
| Transparency Score | 95/100 |
Is The Westminster Canterbury Of Lynchburg Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Westminster Canterbury Of Lynchburg Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Westminster Canterbury Of Lynchburg Foundation Inc
The Westminster Canterbury Of Lynchburg Foundation Inc (EIN: 205521424) is a nonprofit organization based in Lynchburg, VA, classified under NTEE code L11. The organization reported total revenue of $1.2M and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Westminster Canterbury Of Lynchburg Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Westminster Canterbury Of Lynchburg Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $992K |
| Total Expenses | $333K |
| Surplus / Deficit | +$659K |
| Total Assets | $9.6M |
| Net Assets | $9.6M |
| Operating Margin | 66.5% |
| Months of Reserves | 345.4 months |
Financial Health Grade: A
In 2023, The Westminster Canterbury Of Lynchburg Foundation Inc reported a surplus of $659K with revenue exceeding expenses, holds 345.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Westminster Canterbury Of Lynchburg Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +33.9% | +14.8% |
| 2022 | -43.1% | -41.7% | -2.9% |
| 2021 | -1.1% | +183.8% | +43.6% |
| 2020 | +86.1% | -81.5% | +43.4% |
| 2019 | +46.8% | -38.7% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Westminster Canterbury Of Lynchburg Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Westminster Canterbury Of Lynchburg Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $659K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the foundation. This is a highly positive indicator of the organization's commitment to directing all funds towards its mission, especially for an organization with assets exceeding $9 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for The Westminster Canterbury Of Lynchburg Foundation Inc:
- Consistent asset growth, from $1.8M in 2014 to $9.5M in 2023.
- Zero reported liabilities across all filings, indicating strong financial stability.
- 0% officer compensation reported in all filings, demonstrating high efficiency and mission focus.
- Expenses consistently well below revenue, allowing for significant capital accumulation.
- Strong financial health with a robust balance sheet.
Frequently Asked Questions about The Westminster Canterbury Of Lynchburg Foundation Inc
Is The Westminster Canterbury Of Lynchburg Foundation Inc a legitimate charity?
The Westminster Canterbury Of Lynchburg Foundation Inc (EIN: 205521424) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Westminster Canterbury Of Lynchburg Foundation Inc spend its money?
The Westminster Canterbury Of Lynchburg Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Westminster Canterbury Of Lynchburg Foundation Inc tax-deductible?
The Westminster Canterbury Of Lynchburg Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205521424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Westminster Canterbury Of Lynchburg Foundation Inc CEO make?
The Westminster Canterbury Of Lynchburg Foundation Inc's highest-compensated officer earns $9 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Westminster Canterbury Of Lynchburg Foundation Inc's spending goes to programs?
The Westminster Canterbury Of Lynchburg Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Westminster Canterbury Of Lynchburg Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The Westminster Canterbury Of Lynchburg Foundation Inc is above average for NTEE category L11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Westminster Canterbury Of Lynchburg Foundation Inc located?
The Westminster Canterbury Of Lynchburg Foundation Inc is headquartered in Lynchburg, Virginia and files with the IRS under EIN 205521424. It is classified under NTEE code L11.
How many years of IRS 990 filings does The Westminster Canterbury Of Lynchburg Foundation Inc have?
The Westminster Canterbury Of Lynchburg Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is The Westminster Canterbury Of Lynchburg Foundation Inc a good charity?
Based on the provided financial data, the foundation appears to be a very good charity. It consistently grows its assets, has no reported liabilities, and reports 0% officer compensation, indicating strong financial management and a clear focus on its mission.
How has the organization's asset base grown over time?
The organization's assets have shown remarkable growth, increasing from $1,834,600 in 2014 to $9,580,215 in 2023, demonstrating strong financial stewardship and investment.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally remained strong, with a peak of $1,972,251 in 2020. Expenses have consistently been significantly lower than revenue, allowing for substantial asset accumulation, such as $332,804 in expenses against $992,281 in revenue in 2023.
Filing History
IRS 990 filing history for The Westminster Canterbury Of Lynchburg Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Westminster Canterbury Of Lynchburg Foundation Inc's revenue has grown by 566.6%, moving from $149K to $992K. Total assets increased by 867.1% over the same period, from $991K to $9.6M. In its most recent filing year (2023), The Westminster Canterbury Of Lynchburg Foundation Inc reported a surplus of $659K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $992K | $333K | $9.6M | $0 | — | — |
| 2022 | $1.1M | $249K | $8.3M | $0 | — | View 990 |
| 2021 | $2.0M | $427K | $8.6M | $0 | — | View 990 |
| 2020 | $2.0M | $150K | $6.0M | $0 | — | — |
| 2019 | $1.1M | $811K | $4.2M | $0 | — | View 990 |
| 2018 | $722K | $1.3M | $3.8M | $0 | — | View 990 |
| 2017 | $1.0M | $49K | $4.2M | $0 | — | View 990 |
| 2016 | $667K | $20K | $2.9M | $0 | — | View 990 |
| 2015 | $384K | $8K | $2.1M | $0 | — | View 990 |
| 2014 | $233K | $8K | $1.8M | $0 | — | View 990 |
| 2013 | $243K | $21K | $1.5M | $0 | — | View 990 |
| 2012 | $307K | $53K | $1.2M | $0 | — | View 990 |
| 2011 | $149K | $0 | $991K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $992K, expenses of $333K, and assets of $9.6M (revenue -10.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $249K, and assets of $8.3M (revenue -43.1% year-over-year).
- 2021: Revenue of $2.0M, expenses of $427K, and assets of $8.6M (revenue -1.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $150K, and assets of $6.0M (revenue +86.1% year-over-year).
- 2019: Revenue of $1.1M, expenses of $811K, and assets of $4.2M (revenue +46.8% year-over-year).
- 2018: Revenue of $722K, expenses of $1.3M, and assets of $3.8M (revenue -30.0% year-over-year).
- 2017: Revenue of $1.0M, expenses of $49K, and assets of $4.2M (revenue +54.6% year-over-year).
- 2016: Revenue of $667K, expenses of $20K, and assets of $2.9M (revenue +73.5% year-over-year).
- 2015: Revenue of $384K, expenses of $8K, and assets of $2.1M (revenue +65.0% year-over-year).
- 2014: Revenue of $233K, expenses of $8K, and assets of $1.8M (revenue -4.0% year-over-year).
- 2013: Revenue of $243K, expenses of $21K, and assets of $1.5M (revenue -21.0% year-over-year).
- 2012: Revenue of $307K, expenses of $53K, and assets of $1.2M (revenue +106.4% year-over-year).
- 2011: Revenue of $149K, expenses of $0, and assets of $991K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Westminster Canterbury Of Lynchburg Foundation Inc:
Data Sources and Methodology
This transparency report for The Westminster Canterbury Of Lynchburg Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.