Westlake Academy Athletic Club

Analysis

Westlake Academy Athletic Club is a registered charity in United States, based in Westlake, TX. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, Westlake Academy Athletic Club reported income of $833k and spending of $21k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $392k to $833k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 4.0% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westlake Academy Athletic Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Stiles Farm Foundation ($833k), Strategeast ($833k) and Greater Keller Womens Club Foundation Inc ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.5% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.