Harvard-Westlake School

Analysis

Harvard-Westlake School is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in April 1938, 88 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 2024, Harvard-Westlake School reported income of $154.6m and spending of $108.1m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $97.8m to $154.6m (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvard-Westlake School sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Wheaton College ($154.3m), Maryville University of St Louis ($154.6m) and Augustana College ($153.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $1.5m (1.4% of expenses). Other salaries and wages came to $43.5m. At year end it held assets of $673.2m against liabilities of $16.9m, net assets of $656.3m. It reported 760 employees.