Western Economic Association International

Analysis

Western Economic Association International is a registered charity in United States, based in Fountain Vly, CA. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 December 2023, Western Economic Association International reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western Economic Association International sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Black Archives History & Research Foundation of South Florida Inc ($1.2m), Storycenter ($1.2m) and Mountain Play Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. Compensation of current officers, directors and key employees was $147k (11% of expenses). Other salaries and wages came to $343k. At year end it held assets of $3.5m against liabilities of $457k, net assets of $3.1m. It reported 9 employees.