Westminster At Wade Inc
Westminster At Wade Inc maintains stable finances with no reported officer compensation.
EIN: 202911352 · Bluefield, WV · NTEE: O20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $426K |
| Total Expenses | $336K |
| Program Spending | 90% |
| Net Assets | $390K |
| Transparency Score | 85/100 |
Is Westminster At Wade Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westminster At Wade Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westminster At Wade Inc
Westminster At Wade Inc (EIN: 202911352) is a nonprofit organization based in Bluefield, WV, classified under NTEE code O20. The organization reported total revenue of $426K and total assets of $498K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westminster At Wade Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westminster At Wade Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $348K |
| Total Expenses | $336K |
| Surplus / Deficit | +$11K |
| Total Assets | $392K |
| Total Liabilities | $2K |
| Net Assets | $390K |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 14.0 months |
Financial Health Grade: A
In 2023, Westminster At Wade Inc reported a surplus of $11K with revenue exceeding expenses, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Westminster At Wade Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | +0.6% | +2.8% |
| 2022 | +9.8% | +21.1% | -12.7% |
| 2021 | +0.9% | -12.9% | +10.8% |
| 2019 | +16.6% | -7.3% | -5.8% |
| 2018 | -50.2% | -17.1% | -17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Westminster At Wade 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: 90%
- fundraising: 0%
According to IRS 990 filings, Westminster At Wade Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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 Westminster At Wade Inc:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Stable financial performance with revenues generally covering expenses.
- Healthy asset-to-liability ratio, demonstrating strong financial solvency.
- Consistent IRS 990 filing history, showing good transparency.
Frequently Asked Questions about Westminster At Wade Inc
Is Westminster At Wade Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westminster At Wade Inc (EIN: 202911352) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Westminster At Wade Inc spend its money?
Westminster At Wade Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westminster At Wade Inc tax-deductible?
Westminster At Wade Inc is registered as a tax-exempt nonprofit (EIN: 202911352). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Westminster At Wade Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Westminster At Wade Inc is above average for NTEE category O20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Westminster At Wade Inc located?
Westminster At Wade Inc is headquartered in Bluefield, West Virginia and files with the IRS under EIN 202911352. It is classified under NTEE code O20.
How many years of IRS 990 filings does Westminster At Wade Inc have?
Westminster At Wade 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 $426K in total revenue.
Is Westminster At Wade Inc a good charity?
Based on the available data, Westminster At Wade Inc appears to be a well-managed organization with stable finances and a strong commitment to minimizing administrative overhead, as evidenced by 0% officer compensation. Its consistent filing history also points to good transparency.
What is the trend in Westminster At Wade Inc's revenue and expenses?
Revenue and expenses for Westminster At Wade Inc have generally remained stable over the past decade, typically ranging between $250,000 and $500,000 annually. There are fluctuations, such as a higher revenue of $512,968 in 2017, but overall, the organization has managed to keep expenses close to or below revenue.
How does Westminster At Wade Inc's asset base compare to its liabilities?
Westminster At Wade Inc consistently maintains a healthy asset base significantly larger than its liabilities. For example, in 2023, assets were $392,421 against liabilities of $2,124, indicating strong financial solvency.
Filing History
IRS 990 filing history for Westminster At Wade Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Westminster At Wade Inc's revenue has declined by 42.6%, moving from $606K to $348K. Total assets decreased by 3.8% over the same period, from $408K to $392K. Total functional expenses fell by 54.6%, from $741K to $336K. In its most recent filing year (2023), Westminster At Wade Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $2K in liabilities against $392K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $390K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $348K | $336K | $392K | $2K | — | — |
| 2022 | $330K | $335K | $382K | $3K | — | — |
| 2021 | $301K | $276K | $437K | $11K | — | View 990 |
| 2019 | $298K | $317K | $395K | $2K | — | View 990 |
| 2018 | $255K | $342K | $419K | $7K | — | View 990 |
| 2017 | $513K | $413K | $505K | $5K | — | View 990 |
| 2016 | $307K | $337K | $410K | $11K | — | View 990 |
| 2015 | $352K | $287K | $431K | $1K | — | View 990 |
| 2014 | $393K | $431K | $379K | $16K | — | View 990 |
| 2013 | $375K | $373K | $419K | $18K | — | View 990 |
| 2012 | $299K | $193K | $411K | $12K | — | View 990 |
| 2011 | $352K | $371K | $303K | $10K | — | View 990 |
| 2010 | $606K | $741K | $408K | $96K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $348K, expenses of $336K, and assets of $392K (revenue +5.3% year-over-year).
- 2022: Revenue of $330K, expenses of $335K, and assets of $382K (revenue +9.8% year-over-year).
- 2021: Revenue of $301K, expenses of $276K, and assets of $437K (revenue +0.9% year-over-year).
- 2019: Revenue of $298K, expenses of $317K, and assets of $395K (revenue +16.6% year-over-year).
- 2018: Revenue of $255K, expenses of $342K, and assets of $419K (revenue -50.2% year-over-year).
- 2017: Revenue of $513K, expenses of $413K, and assets of $505K (revenue +67.3% year-over-year).
- 2016: Revenue of $307K, expenses of $337K, and assets of $410K (revenue -13.0% year-over-year).
- 2015: Revenue of $352K, expenses of $287K, and assets of $431K (revenue -10.4% year-over-year).
- 2014: Revenue of $393K, expenses of $431K, and assets of $379K (revenue +4.7% year-over-year).
- 2013: Revenue of $375K, expenses of $373K, and assets of $419K (revenue +25.5% year-over-year).
- 2012: Revenue of $299K, expenses of $193K, and assets of $411K (revenue -15.1% year-over-year).
- 2011: Revenue of $352K, expenses of $371K, and assets of $303K (revenue -41.9% year-over-year).
- 2010: Revenue of $606K, expenses of $741K, and assets of $408K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westminster At Wade Inc:
Data Sources and Methodology
This transparency report for Westminster At Wade 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.