Westminster School Inc

Analysis

Westminster School Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1966, 60 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, Westminster School Inc reported income of $10.4m and spending of $9.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $10.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westminster School Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include St Sebastians School Fund Inc ($10.4m), Community Services of Moses Lake Inc ($10.4m) and Suburban Emergency Medical Services ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $590k (6.2% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $28.9m against liabilities of $3.2m, net assets of $25.7m. It reported 154 employees.