Westside Foundation

Analysis

Westside Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 1977, 49 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 August 2023, Westside Foundation reported income of $7.5m and spending of $6.0m, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.5m to $7.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to August 2022, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westside Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include University Preparatory Schools ($7.5m), Northern Kentucky University Foundation Inc ($7.5m) and Hamaspik School ($7.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $296k (4.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $7.5m against liabilities of $7,317, net assets of $7.5m. It reported 191 employees.