Westlake Education Foundation USA Inc

Analysis

Westlake Education Foundation USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Westlake Education Foundation USA Inc reported income of $243k and spending of $54k, leaving 78% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $3.1m to $243k (-92%), an average of -72% a year. The sharpest change came in the year to September 2022, when income rose by 282%. Over the whole period it spent 0.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westlake Education Foundation USA Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Tustin Memorial Academy P T O ($243k), Nick and Dorothy Pinello Charitable TR ($243k) and Friends of Shawe & Pope John Schools Inc ($243k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $15.1m against liabilities of $4,859, net assets of $15.1m.