Westlake Academy Foundation
Westlake Academy Foundation consistently allocates a high percentage of expenses to programs with no reported officer compensation.
EIN: 200033926 · Westlake, TX · Updated: 2026-03-28
Is Westlake Academy Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westlake Academy Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westlake Academy Foundation
Westlake Academy Foundation (EIN: 200033926) is a nonprofit organization based in Westlake, TX. The organization reported total revenue of $1.8M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westlake Academy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westlake Academy Foundation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$219K |
| Total Assets | $3.3M |
| Total Liabilities | $181K |
| Net Assets | $3.1M |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 5.5% |
| Months of Reserves | 24.5 months |
Financial Health Grade: A
In 2023, Westlake Academy Foundation reported a surplus of $219K with revenue exceeding expenses, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westlake Academy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.8% | -31.1% | +19.5% |
| 2022 | +56.9% | +83.3% | -15.3% |
| 2021 | -8.2% | -9.4% | +21.1% |
| 2020 | -7.8% | -5.5% | +12.5% |
| 2019 | +6.3% | -3.6% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Westlake Academy Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Westlake Academy Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $219K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.5%.
Executive Compensation Analysis
The Westlake Academy Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through an external entity, which is a strong positive for financial efficiency and transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Westlake Academy Foundation:
- Consistent 0% officer compensation reported, indicating high efficiency or volunteer leadership.
- Strong program spending ratio, demonstrating a clear focus on its mission.
- Healthy and growing asset base, increasing from $1.5M to over $3.2M in a decade.
- Low liabilities relative to assets, indicating sound financial management.
- Consistent positive net income in most years, contributing to financial stability.
Frequently Asked Questions about Westlake Academy Foundation
Is Westlake Academy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Westlake Academy Foundation (EIN: 200033926) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Westlake Academy Foundation spend its money?
Westlake Academy Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westlake Academy Foundation tax-deductible?
Westlake Academy Foundation is registered as a tax-exempt nonprofit (EIN: 200033926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Westlake Academy Foundation a good charity?
Based on its financial data, Westlake Academy Foundation appears to be a very good charity. It consistently dedicates a high percentage of its expenses to programs, maintains healthy assets, and reports no officer compensation, indicating strong financial stewardship and mission focus.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown some fluctuation but generally remained strong, averaging around $1.8 million annually over the past five years. It peaked at $2,338,496 in 202208 and was $1,827,657 in 202308.
What is the organization's asset growth like?
The Westlake Academy Foundation has demonstrated consistent asset growth, increasing from $1,595,428 in 201408 to $3,284,208 in 202308, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Westlake Academy Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westlake Academy Foundation's revenue has grown by 83.2%, moving from $997K to $1.8M. Total assets increased by 224.5% over the same period, from $1.0M to $3.3M. Total functional expenses rose by 105.4%, from $783K to $1.6M. In its most recent filing year (2023), Westlake Academy Foundation reported a surplus of $219K, with revenue exceeding expenses. The organization holds $181K in liabilities against $3.3M in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.6M | $3.3M | $181K | — | — |
| 2022 | $2.3M | $2.3M | $2.7M | $7K | — | — |
| 2021 | $1.5M | $1.3M | $3.2M | $8K | — | View 990 |
| 2020 | $1.6M | $1.4M | $2.7M | $8K | — | — |
| 2019 | $1.8M | $1.5M | $2.4M | $0 | — | View 990 |
| 2018 | $1.7M | $1.5M | $2.6M | $388K | — | View 990 |
| 2017 | $1.6M | $1.4M | $2.0M | $275 | — | View 990 |
| 2016 | $1.3M | $1.2M | $1.7M | $10K | — | View 990 |
| 2015 | $1.4M | $1.3M | $1.6M | $18K | — | View 990 |
| 2014 | $1.4M | $1.2M | $1.6M | $18K | — | View 990 |
| 2013 | $1.0M | $972K | $1.4M | $19K | — | View 990 |
| 2012 | $1.4M | $1.2M | $1.4M | $105K | — | View 990 |
| 2011 | $997K | $783K | $1.0M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $3.3M (revenue -21.8% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.3M, and assets of $2.7M (revenue +56.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $3.2M (revenue -8.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.4M, and assets of $2.7M (revenue -7.8% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.5M, and assets of $2.4M (revenue +6.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $2.6M (revenue +1.5% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $2.0M (revenue +28.0% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $1.7M (revenue -6.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue +0.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $1.6M (revenue +30.6% year-over-year).
- 2013: Revenue of $1.0M, expenses of $972K, and assets of $1.4M (revenue -26.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $1.4M (revenue +41.8% year-over-year).
- 2011: Revenue of $997K, expenses of $783K, and assets of $1.0M.
Data Sources and Methodology
This transparency report for Westlake Academy Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.