Westwood School Corp

Analysis

Westwood School Corp is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Westwood School Corp reported income of $6.3m and spending of $5.4m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.4m to $6.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to May 2023, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westwood School Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Elysian Charter School of Hoboken Inc ($6.3m), Appalachian College Association ($6.3m) and Barrington Stage Co Inc ($6.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $209k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.7m against liabilities of $4.4m, net assets of $1.3m. It reported 71 employees.