Westmont College

Analysis

Westmont College is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in July 1941, 85 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 May 2023, Westmont College reported income of $106.5m and spending of $114.0m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $102.0m to $106.5m (+4.4%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westmont College 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include The Early Learning Coalition of Southwest Florida Inc ($106.5m), Inspirenola Charter Schools ($106.8m) and Otterbein University ($106.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $2.2m (1.9% of expenses). Other salaries and wages came to $27.6m. At year end it held assets of $312.6m against liabilities of $77.8m, net assets of $234.7m. It reported 1,256 employees.