Westlake Academy Foundation

Analysis

Westlake Academy Foundation is a registered charity in United States, based in Westlake, TX. It received its IRS tax-exemption ruling in October 2004, 22 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Westlake Academy Foundation reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $1.8m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to August 2022, when income rose by 57%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westlake Academy Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include America Share U S a Inc ($1.8m), San Geronimo Valley Community Center ($1.8m) and The Foundation for Christian Discipleship ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 67% of the total. At year end it held assets of $3.3m against liabilities of $181k, net assets of $3.1m.