Westlake Christian Academy

Analysis

Westlake Christian Academy is a registered charity in United States, based in Gurnee, IL. It received its IRS tax-exemption ruling in April 1975, 51 years ago. 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, Westlake Christian Academy reported income of $2.5m and spending of $2.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.5m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westlake Christian Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include National Church Residences of ($2.5m), Macdonald-Laurier Institute ($2.5m) and Habitat for Humanity International ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $102k (4.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $1.4m, net assets of $1.1m. It reported 88 employees.