Westinghouse Arts Academy Charter School

Analysis

Westinghouse Arts Academy Charter School is a registered charity in United States, based in Wilmerding, PA. It received its IRS tax-exemption ruling in June 2017, 9 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, Westinghouse Arts Academy Charter School reported income of $6.6m and spending of $8.9m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $6.6m (+131%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 57%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westinghouse Arts Academy Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Air & Space Forces Aid Society Inc ($6.6m), Midwest Campers Inc ($6.6m) and National Institute for Fitness and Sport Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $175k (2.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $23.3m against liabilities of $25.3m, net assets of -$2.0m. It reported 90 employees.