West Oak Lane Charter School

Analysis

West Oak Lane Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1998, 28 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 2023, West Oak Lane Charter School reported income of $23.1m and spending of $20.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $23.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 31%. 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 Oak Lane Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include College Heights Foundation Inc ($23.1m), Associated Students Calif State University Long Beach ($23.1m) and Dollar General Literacy Foundation ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.0m (4.9% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $9.9m against liabilities of $14.5m, net assets of -$4.6m. It reported 135 employees.