WESTMINSTER ECONOMIC DEVELOPMENTINITIATIVE INC

BUFFALO, NY, 14213-1302 (716) 393-4088 Est. 2006 EIN 20-4230463

S30 - Economic Development 990 - Public charity return 501(c)(3)

www.wedibuffalo.org

Mission

WEDI STRENGHTENS COMMUNITIES THROUGH A CONTINUUM OF EDUCATIONAL AND FINANCIAL RESOURCES FOR ALL WESTERN NEW YORKERS.

Giving Portfolio

Total Grants

1

Total Giving

$7K

Recipients

1

Years Active

2022

Avg grant: $6,633 Median: $6,633

Top States

New York

1

Top Grantees

007 CHINESE FOOD

NY

$7K

Financials

Total Revenue

$2,171,800

Total Expenses

$2,183,617

Net Assets

$10,037,234

53 employees 50 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

4.6 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 68.6%

Expenses ↓ 11.7%

Revenue Sources

Contributions 71.7% Earned revenue 15.3% Other 14.0%

Expense Breakdown

Program 72.3% Management 19.5% Fundraising 8.3%

Officers & Trustees (17)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$2,171,800 ↓	$2,183,617	$10,037,234
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$6,918,706 ↑	$2,473,537	$10,049,051
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$3,247,167 ↑	$2,295,731	$5,608,882
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$2,118,673 ↑	$1,763,082	$1,653,629
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$1,715,793 ↑	$1,600,557	$1,298,038
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$1,313,235	$990,167	$1,182,802