Westerly Area Rest Meals Warm Inc
Westerly Area Rest Meals Warm Inc: Steady Growth, Strong Program Focus
EIN: 222887878 · Westerly, RI · NTEE: L41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| Net Assets | $2.8M |
| Transparency Score | 85/100 |
Is Westerly Area Rest Meals Warm Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westerly Area Rest Meals Warm Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westerly Area Rest Meals Warm Inc
Westerly Area Rest Meals Warm Inc (EIN: 222887878) is a nonprofit organization based in Westerly, RI, classified under NTEE code L41Z. The organization reported total revenue of $2.5M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westerly Area Rest Meals Warm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westerly Area Rest Meals Warm Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$164K |
| Total Assets | $2.9M |
| Total Liabilities | $63K |
| Net Assets | $2.8M |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 14.6 months |
Financial Health Grade: A
In 2023, Westerly Area Rest Meals Warm Inc reported a surplus of $164K with revenue exceeding expenses, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westerly Area Rest Meals Warm Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.3% | +43.2% | +5.9% |
| 2022 | -8.0% | +20.4% | +14.0% |
| 2021 | +27.6% | +5.4% | +10.2% |
| 2020 | +17.6% | +11.0% | +8.1% |
| 2019 | +0.7% | -4.1% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Westerly Area Rest Meals Warm Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Westerly Area Rest Meals Warm Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $164K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no reportable compensation for key employees, suggesting a volunteer-led or very low-paid leadership structure.
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 Westerly Area Rest Meals Warm Inc:
- Consistent revenue growth over the past several years, indicating increasing support and operational capacity.
- Strong program spending, with a high percentage of expenses dedicated to direct services.
- Healthy asset base relative to annual expenses, providing financial stability.
- Low liabilities, suggesting sound financial management and minimal debt.
- Sustained operational presence since at least 2016, demonstrating long-term commitment to its mission.
Frequently Asked Questions about Westerly Area Rest Meals Warm Inc
Is Westerly Area Rest Meals Warm Inc a legitimate charity?
Westerly Area Rest Meals Warm Inc (EIN: 222887878) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Westerly Area Rest Meals Warm Inc spend its money?
Westerly Area Rest Meals Warm Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Westerly Area Rest Meals Warm Inc tax-deductible?
Westerly Area Rest Meals Warm Inc is registered as a tax-exempt nonprofit (EIN: 222887878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Westerly Area Rest Meals Warm Inc's spending goes to programs?
Westerly Area Rest Meals Warm Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Westerly Area Rest Meals Warm Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Westerly Area Rest Meals Warm Inc is above average for NTEE category L41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Westerly Area Rest Meals Warm Inc located?
Westerly Area Rest Meals Warm Inc is headquartered in Westerly, Rhode Island and files with the IRS under EIN 222887878. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does Westerly Area Rest Meals Warm Inc have?
Westerly Area Rest Meals Warm 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 $2.5M in total revenue.
What does Westerly Area Rest Meals Warm Inc do?
Westerly Area Rest Meals Warm Inc is a nonprofit organization in the Housing & Shelter sector, located in Westerly, Rhode Island. It is classified under NTEE code L41Z.
How much revenue does Westerly Area Rest Meals Warm Inc have?
Westerly Area Rest Meals Warm Inc reported total revenue of $2,473,197. Based on 13 IRS 990 filings on record.
What are Westerly Area Rest Meals Warm Inc's total assets?
Westerly Area Rest Meals Warm Inc holds total assets of $2,680,380 as reported in IRS 990 filings.
Where is Westerly Area Rest Meals Warm Inc located?
Westerly Area Rest Meals Warm Inc is based in Westerly, Rhode Island.
What is Westerly Area Rest Meals Warm Inc's EIN?
Westerly Area Rest Meals Warm Inc's Employer Identification Number (EIN) is 222887878. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Westerly Area Rest Meals Warm Inc?
Westerly Area Rest Meals Warm Inc is classified under NTEE code L41Z (Housing & Shelter).
Is Westerly Area Rest Meals Warm Inc a registered 501(c)(3)?
Yes, Westerly Area Rest Meals Warm Inc is recognized as a tax-exempt organization by the IRS. EIN: 222887878.
Does Westerly Area Rest Meals Warm Inc file IRS Form 990?
Yes, Westerly Area Rest Meals Warm Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Westerly Area Rest Meals Warm Inc's revenue in 2023?
In the 202306 filing period, Westerly Area Rest Meals Warm Inc reported total revenue of $2,519,497, total expenses of $2,355,099, and net assets of $2,865,569.
Is Westerly Area Rest Meals Warm Inc's revenue growing or declining?
Westerly Area Rest Meals Warm Inc's revenue is growing. Revenue went from $1,562,274 (202206) to $2,519,497 (202306), a +61.3% change. Based on 13 filings on record.
What is Westerly Area Rest Meals Warm Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Westerly Area Rest Meals Warm Inc covers tax period 202306. It shows revenue of $2,519,497, expenses of $2,355,099, total assets of $2,865,569, and liabilities of $62,981.
How much does Westerly Area Rest Meals Warm Inc spend on programs vs administration?
Based on IRS 990 analysis, Westerly Area Rest Meals Warm Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Westerly Area Rest Meals Warm Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Westerly Area Rest Meals Warm Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Westerly Area Rest Meals Warm Inc's strengths?
Positive indicators for Westerly Area Rest Meals Warm Inc include: Consistent revenue growth over the past several years, indicating increasing support and operational capacity.. Strong program spending, with a high percentage of expenses dedicated to direct services.. Healthy asset base relative to annual expenses, providing financial stability.. Low liabilities, suggesting sound financial management and minimal debt.. Sustained operational presence since at least 2016, demonstrating long-term commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Westerly Area Rest Meals Warm Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no reportable compensation for key employees, suggesting a volunteer-led or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Westerly Area Rest Meals Warm Inc?
• Financial data consistently available through 990 filings. • Clear breakdown of revenue and expenses provided annually. • No specific transparency report or detailed impact metrics beyond financial statements. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization manage to maintain such a high program spending percentage given its revenue, and what are the implications for its long-term sustainability?
The organization consistently allocates a high percentage of its expenses to programs (e.g., 85% in 2023 based on 'x2355099' total expenses and estimated program costs). This suggests efficient operations, potentially a strong volunteer base, or minimal overhead. While excellent for direct impact, it could imply limited investment in administrative infrastructure or fundraising capacity, which might constrain future growth or resilience without careful strategic planning.
What is the significance of the 'c0%' value across all years in the financial filings?
The 'c0%' value likely indicates that no compensation was reported for officers, directors, trustees, or key employees in their 990 filings. This could mean the organization is entirely volunteer-run at the leadership level, or that compensation falls below the reporting threshold. While it keeps administrative costs low, it might also suggest challenges in attracting or retaining professional leadership if the organization scales significantly.
Filing History
IRS 990 filing history for Westerly Area Rest Meals Warm Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westerly Area Rest Meals Warm Inc's revenue has grown by 160.8%, moving from $966K to $2.5M. Total assets increased by 249.6% over the same period, from $820K to $2.9M. Total functional expenses rose by 145.8%, from $958K to $2.4M. In its most recent filing year (2023), Westerly Area Rest Meals Warm Inc reported a surplus of $164K, with revenue exceeding expenses. The organization holds $63K in liabilities against $2.9M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.4M | $2.9M | $63K | — | — |
| 2022 | $1.6M | $1.6M | $2.7M | $68K | — | View 990 |
| 2021 | $1.7M | $1.4M | $2.4M | $43K | — | — |
| 2020 | $1.3M | $1.3M | $2.2M | $155K | — | View 990 |
| 2019 | $1.1M | $1.2M | $2.0M | $29K | — | View 990 |
| 2018 | $1.1M | $1.2M | $2.0M | $41K | — | View 990 |
| 2017 | $1.2M | $1.3M | $2.9M | $30K | — | View 990 |
| 2016 | $1.5M | $1.2M | $3.0M | $31K | — | View 990 |
| 2015 | $1.3M | $1.1M | $2.7M | $73K | — | View 990 |
| 2014 | $1.9M | $1.1M | $2.6M | $50K | — | View 990 |
| 2013 | $1.6M | $1.0M | $1.7M | $33K | — | View 990 |
| 2012 | $1.3M | $1.0M | $1.1M | $84K | — | View 990 |
| 2011 | $966K | $958K | $820K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $2.9M (revenue +61.3% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $2.7M (revenue -8.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $2.4M (revenue +27.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $2.2M (revenue +17.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $2.0M (revenue +0.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $2.0M (revenue -3.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $2.9M (revenue -19.8% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.2M, and assets of $3.0M (revenue +15.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.1M, and assets of $2.7M (revenue -32.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.1M, and assets of $2.6M (revenue +13.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.0M, and assets of $1.7M (revenue +30.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.0M, and assets of $1.1M (revenue +30.0% year-over-year).
- 2011: Revenue of $966K, expenses of $958K, and assets of $820K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westerly Area Rest Meals Warm Inc:
Data Sources and Methodology
This transparency report for Westerly Area Rest Meals Warm 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.