West Austin Development Center

Analysis

West Austin Development Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2023, West Austin Development Center reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Austin Development Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Mesoras Hatorah Inc ($2.3m), Stanton University ($2.3m) and Virginia Foundation for Independent Colleges ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $199k (8.6% of expenses). At year end it held assets of $796k against liabilities of $7,816, net assets of $789k.