The Westminster Foundation Inc
EIN: 351603830 · Indianapolis, IN
| Metric | Value |
|---|---|
| Total Revenue | $187K |
| Total Expenses | $174K |
| Net Assets | $2.1M |
Is The Westminster Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Westminster Foundation Inc
The Westminster Foundation Inc (EIN: 351603830) is a nonprofit organization based in Indianapolis, IN. The organization reported total revenue of $187K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Westminster Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Westminster Foundation Inc is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $174K |
| Surplus / Deficit | $-10,932 |
| Total Assets | $2.1M |
| Net Assets | $2.1M |
| Operating Margin | -6.7% |
| Months of Reserves | 146.2 months |
Financial Health Grade: B
In 2023, The Westminster Foundation Inc reported a deficit of $11K with expenses exceeding revenue, holds 146.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Westminster Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | -3.2% | +14.1% |
| 2022 | -20.8% | -26.4% | -19.0% |
| 2021 | +41.6% | +38.0% | -10.0% |
| 2020 | -62.2% | -83.8% | -7.0% |
| 2019 | +370.1% | +1444.2% | +21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Westminster Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Westminster Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
Frequently Asked Questions about The Westminster Foundation Inc
Is The Westminster Foundation Inc a legitimate charity?
The Westminster Foundation Inc (EIN: 351603830) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $187K. No red flags identified. Financial health grade: B.
How does The Westminster Foundation Inc spend its money?
The Westminster Foundation Inc reported $187K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Westminster Foundation Inc tax-deductible?
The Westminster Foundation Inc is registered as a tax-exempt nonprofit (EIN: 351603830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Westminster Foundation Inc located?
The Westminster Foundation Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 351603830.
How many years of IRS 990 filings does The Westminster Foundation Inc have?
The Westminster 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 $187K in total revenue.
Filing History
IRS 990 filing history for The Westminster Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Westminster Foundation Inc's revenue has grown by 72.7%, moving from $94K to $163K. Total assets increased by 116.6% over the same period, from $980K to $2.1M. Total functional expenses rose by 150.2%, from $70K to $174K. In its most recent filing year (2023), The Westminster Foundation Inc reported a deficit of $11K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $163K | $174K | $2.1M | $0 | — | — |
| 2022 | $194K | $180K | $1.9M | $0 | — | — |
| 2021 | $244K | $244K | $2.3M | $5K | — | View 990 |
| 2020 | $172K | $177K | $2.5M | $590K | — | View 990 |
| 2019 | $457K | $1.1M | $2.7M | $1.0M | — | View 990 |
| 2018 | $97K | $71K | $2.3M | $0 | — | View 990 |
| 2017 | $93K | $97K | $2.4M | $0 | — | View 990 |
| 2016 | $182K | $81K | $2.1M | $0 | — | View 990 |
| 2015 | $167K | $78K | $1.9M | $0 | — | View 990 |
| 2014 | $203K | $64K | $1.8M | $0 | — | View 990 |
| 2013 | $530K | $59K | $1.5M | $0 | — | View 990 |
| 2012 | $103K | $72K | $1.0M | $0 | — | View 990 |
| 2011 | $94K | $70K | $980K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $163K, expenses of $174K, and assets of $2.1M (revenue -15.7% year-over-year).
- 2022: Revenue of $194K, expenses of $180K, and assets of $1.9M (revenue -20.8% year-over-year).
- 2021: Revenue of $244K, expenses of $244K, and assets of $2.3M (revenue +41.6% year-over-year).
- 2020: Revenue of $172K, expenses of $177K, and assets of $2.5M (revenue -62.2% year-over-year).
- 2019: Revenue of $457K, expenses of $1.1M, and assets of $2.7M (revenue +370.1% year-over-year).
- 2018: Revenue of $97K, expenses of $71K, and assets of $2.3M (revenue +4.3% year-over-year).
- 2017: Revenue of $93K, expenses of $97K, and assets of $2.4M (revenue -48.8% year-over-year).
- 2016: Revenue of $182K, expenses of $81K, and assets of $2.1M (revenue +8.7% year-over-year).
- 2015: Revenue of $167K, expenses of $78K, and assets of $1.9M (revenue -17.4% year-over-year).
- 2014: Revenue of $203K, expenses of $64K, and assets of $1.8M (revenue -61.8% year-over-year).
- 2013: Revenue of $530K, expenses of $59K, and assets of $1.5M (revenue +413.8% year-over-year).
- 2012: Revenue of $103K, expenses of $72K, and assets of $1.0M (revenue +9.1% year-over-year).
- 2011: Revenue of $94K, expenses of $70K, and assets of $980K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Westminster Foundation Inc:
Data Sources and Methodology
This transparency report for The Westminster 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.