Westerly School of Long Beach

Analysis

Westerly School of Long Beach is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Westerly School of Long Beach reported income of $5.4m and spending of $4.1m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $5.4m (+48%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westerly School of Long Beach sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Educational Assistance Ltd ($5.4m), Berkshire Waldorf School Inc ($5.4m) and Lightning Foundation Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $228k (5.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $14.6m against liabilities of $7.3m, net assets of $7.3m. It reported 63 employees.