Western Educational Corporation

Analysis

Western Educational Corporation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in April 2017, 9 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 June 2023, Western Educational Corporation reported income of $93.6m and spending of $90.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.2m to $93.6m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Educational Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include National Collegiate Inventors & Innovators Alliance ($93.3m), University of Lynchburg ($93.8m) and Elizabethtown College ($93.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $197k (0.2% of expenses). Other salaries and wages came to $41.6m. At year end it held assets of $57.9m against liabilities of $44.8m, net assets of $13.0m. It reported 609 employees.