Westlake Band Parents Inc

Analysis

Westlake Band Parents Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westlake Band Parents Inc reported income of $310k and spending of $307k, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $224k to $310k (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westlake Band Parents Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Green Mountain Library Consortium ($310k), American Institute for Resource and Human Development Inc ($310k) and Cedarburg Education Foundation Inc ($310k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 40% of the total. At year end it held assets of $121k against liabilities of $37k, net assets of $84k.