The Westmont College Foundation

Analysis

The Westmont College Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, The Westmont College Foundation reported income of $243k and spending of $242k, spending 100% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $251k to $243k (-3.1%), an average of -1.0% a year. The sharpest change came in the year to May 2022, when income rose by 114%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Westmont College Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Central Fire Company No 1 ($243k), Huntsville Library Foundation ($244k) and Little League Baseball Inc ($243k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.