Is Westside Community School Of The Arts Legit?

Westside Community School Of The Arts demonstrates consistent operational activity with revenues generally exceeding expenses in recent years, indicating sound financial management. For example, in 2023, revenue was $3,178,185 against expenses of $2,448,793, resulting in a surplus. The organization's assets have shown a positive trend, growing from $2,404,302 in 2014 to $4,978,462 in 2023, suggesting a build-up of financial capacity. However, liabilities have historically been high, often exceeding assets in earlier periods, though this trend has reversed in the most recent filings, with assets now exceeding liabilities ($4,978,462 vs $4,607,341 in 2023). This improvement in the asset-to-liability ratio is a positive indicator of financial stability. The organization appears to be efficient in its spending, with a significant portion of its budget likely directed towards its programs, given the nature of a school. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for donor confidence. While specific program spending ratios are not provided in the raw data, the overall financial health appears stable and improving, particularly in managing its balance sheet. Transparency is generally good, with 13 years of IRS 990 filings available, indicating regular reporting. The consistent 0% officer compensation is a key transparency point, showing that executive pay is not a drain on resources. The consistent growth in assets and the recent improvement in the asset-to-liability ratio suggest prudent financial oversight. Overall, the organization appears to be a financially stable and responsibly managed entity.