Westminster Schools Inc

Analysis

Westminster Schools Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1951, 75 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 July 2023, Westminster Schools Inc reported income of $97.7m and spending of $97.4m, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $102.4m to $97.7m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to July 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westminster Schools Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Lawschool Admissions Council Inc ($97.6m), Northwood University ($98.0m) and Hendrix College ($97.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 27% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.8m (1.9% of expenses). Other salaries and wages came to $39.3m. It paid $180k in professional fundraising fees. At year end it held assets of $659.6m against liabilities of $247.3m, net assets of $412.3m. It reported 880 employees.