Westlake Chap Club Inc

Analysis

Westlake Chap Club Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2023, Westlake Chap Club Inc reported income of $1.6m and spending of $1.6m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $882k to $1.6m (+86%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westlake Chap Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Utah Tech University Foundation ($1.6m), Reimagining Justice Inc ($1.6m) and Parkview Prep Academy Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. At year end it held assets of $763k against liabilities of $344k, net assets of $418k.