Parents of Welby Way

Analysis

Parents of Welby Way is a registered charity in United States, based in West Hills, CA. It received its IRS tax-exemption ruling in October 2010, 16 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 July 2023, Parents of Welby Way reported income of $311k and spending of $222k, leaving 28% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $323k to $311k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to July 2022, when income rose by 134%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parents of Welby Way 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 64th percentile within CA. Charities of a similar size with the same main cause include Citrs Inc ($311k), Lucent Education Association ($311k) and Grace Home School Academy ($311k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. Other salaries and wages came to $38k. At year end it held assets of $313k against liabilities of $0, net assets of $313k. It reported 5 employees.