Westmont School Inc

Analysis

Westmont School Inc is a registered charity in United States, based in Mendham, NJ. It received its IRS tax-exemption ruling in September 1968, 58 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 June 2024, Westmont School Inc reported income of $2.0m and spending of $1.7m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.0m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westmont School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Westfield Athenaeum ($2.0m), Lincoln Presidential Foundation ($2.0m) and Habib University Foundation US ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.3% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $133k (7.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.3m against liabilities of $1.6m, net assets of $4.7m. It reported 38 employees.