L โ€” Housing & ShelterEIN: 222887878ยท Ruling Year: 1988

Westerly Area Rest Meals Warm Inc

Westerly, Rhode Island

A-Health Score
82A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$2.5M
Total Revenue
๐Ÿ“Š
$2.4M
Total Expenses
๐Ÿฆ
$2.8M
Net Assets
๐Ÿ“‹
$63K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+61.3%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+6.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.19
Net assets divided by total expenses
Liabilities-to-Assets
2.2%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,519,497โ†‘61%$2,355,099โ†‘43%$2,865,569โ†‘6%
2022$1,562,274โ†“8%$1,644,908โ†‘20%$2,705,799โ†‘14%
2021$1,698,741โ†‘28%$1,366,310โ†‘5%$2,373,354โ†‘10%
2020$1,331,240โ†‘18%$1,296,277โ†‘11%$2,153,622โ†‘8%
2019$1,132,388โ†‘1%$1,167,975โ†“4%$1,992,101โ†“2%
2018$1,124,379โ†“3%$1,217,832โ†“5%$2,039,623โ†“29%
2017$1,163,441โ†“20%$1,282,713โ†‘3%$2,890,017โ†“3%
2016$1,450,826โ†‘15%$1,242,286โ†‘15%$2,976,077โ†‘9%
2015$1,257,398โ†“32%$1,081,054$2,730,935โ†‘6%
2014$1,857,408โ†‘13%$1,083,305โ†‘8%$2,570,792โ†‘56%
2013$1,641,224โ†‘31%$1,006,614$1,650,312โ†‘55%
2012$1,256,400โ†‘30%$1,010,791โ†‘5%$1,066,576โ†‘30%
2011$966,157$958,189$819,681

Frequently Asked Questions

What does Westerly Area Rest Meals Warm Inc do?โ–ผ

Westerly Area Rest Meals Warm Inc is a housing & shelter nonprofit organization based in Rhode Island. It is classified under NTEE code L41Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Westerly Area Rest Meals Warm Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Westerly Area Rest Meals Warm Inc has a score of 82/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Westerly Area Rest Meals Warm Inc generate?โ–ผ

Westerly Area Rest Meals Warm Inc reports $2.5M in annual revenue and holds $2.7M in total assets, based on IRS filings.

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Westerly Area Rest Meals Warm Inc โ€” Westerly, RI | GiveScope