Western Association of Student Financial Aid Administrators

Analysis

Western Association of Student Financial Aid Administrators is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1984, 42 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, Western Association of Student Financial Aid Administrators reported income of $243k and spending of $306k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $330k to $243k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 140% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Association of Student Financial Aid Administrators 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 60th percentile within CA. Charities of a similar size with the same main cause include Oak Knoll School Parent Teacher Organization ($243k), Advanced Home School Education Inc ($243k) and National Association of State Administrators & Supervisors of ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. At year end it held assets of $959k against liabilities of $1,832, net assets of $957k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.