Westside Academy Inc
Westside Academy Inc. shows significant asset growth but faces recurring deficits and high liabilities.
EIN: 202232631 · Columbus, OH · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.7M |
| Program Spending | 80% |
| Net Assets | $130K |
| Transparency Score | 70/100 |
Is Westside Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westside Academy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westside Academy Inc
Westside Academy Inc (EIN: 202232631) is a nonprofit organization based in Columbus, OH, classified under NTEE code B29. The organization reported total revenue of $4.5M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westside Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westside Academy Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-434,244 |
| Total Assets | $9.2M |
| Total Liabilities | $9.0M |
| Net Assets | $130K |
| Operating Margin | -10.2% |
| Debt-to-Asset Ratio | 98.6% |
| Months of Reserves | 23.4 months |
Financial Health Grade: C
In 2023, Westside Academy Inc reported a deficit of $434K with expenses exceeding revenue, holds 23.4 months of operating reserves (strong position), has a debt-to-asset ratio of 98.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westside Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | +20.2% | +1.6% |
| 2022 | +35.9% | +12.2% | +231.7% |
| 2021 | +2.3% | +31.9% | +18.1% |
| 2020 | +48.0% | +19.5% | +54.9% |
| 2019 | -3.7% | +10.5% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
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 Westside Academy Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Westside Academy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $434K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.6%.
Executive Compensation Analysis
Westside Academy Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Westside Academy Inc's IRS 990 filings:
- Expenses exceeding revenue in multiple periods (e.g., 202306, 201706), indicating potential operational deficits.
- High liabilities ($9,038,357 in 202306) relative to assets ($9,167,929 in 202306), suggesting a high debt-to-asset ratio.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Westside Academy Inc:
- Significant growth in revenue and assets over the past decade, demonstrating expanding operations and capacity.
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards programs if accurate and sustainable.
- Long filing history (13 filings), suggesting established operations and compliance.
Frequently Asked Questions about Westside Academy Inc
Is Westside Academy Inc a legitimate charity?
Westside Academy Inc (EIN: 202232631) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.5M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Westside Academy Inc spend its money?
Westside Academy Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Westside Academy Inc tax-deductible?
Westside Academy Inc is registered as a tax-exempt nonprofit (EIN: 202232631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Westside Academy Inc's spending goes to programs?
Westside Academy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Westside Academy Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Westside Academy Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Westside Academy Inc located?
Westside Academy Inc is headquartered in Columbus, Ohio and files with the IRS under EIN 202232631. It is classified under NTEE code B29.
How many years of IRS 990 filings does Westside Academy Inc have?
Westside Academy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.5M in total revenue.
Is Westside Academy Inc. financially stable given its liabilities?
The organization's liabilities of $9,038,357 in 202306 are very close to its assets of $9,167,929, suggesting a high reliance on debt or restricted funds, which could pose financial stability risks.
Why does Westside Academy Inc. consistently report 0% officer compensation?
Reporting 0% officer compensation is highly unusual for an organization with over $4 million in revenue. This could indicate that officers are compensated through other means not categorized as 'officer compensation' on the 990, or that the organization is entirely volunteer-led at the executive level, which would be a significant strength in terms of resource allocation.
What caused the deficit in the 202306 fiscal period?
In the 202306 period, expenses ($4,699,610) exceeded revenue ($4,265,366) by over $430,000. A deeper dive into the expense categories would be needed to understand the specific drivers of this deficit.
Filing History
IRS 990 filing history for Westside Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westside Academy Inc's revenue has grown by 189.8%, moving from $1.5M to $4.3M. Total assets increased by 3480.9% over the same period, from $256K to $9.2M. Total functional expenses rose by 233.8%, from $1.4M to $4.7M. In its most recent filing year (2023), Westside Academy Inc reported a deficit of $434K, with expenses exceeding revenue. The organization holds $9.0M in liabilities against $9.2M in assets (debt-to-asset ratio: 98.6%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.7M | $9.2M | $9.0M | — | View 990 |
| 2022 | $4.7M | $3.9M | $9.0M | $8.5M | — | View 990 |
| 2021 | $3.5M | $3.5M | $2.7M | $3.0M | — | View 990 |
| 2020 | $3.4M | $2.6M | $2.3M | $2.5M | — | View 990 |
| 2019 | $2.3M | $2.2M | $1.5M | $2.5M | — | View 990 |
| 2018 | $2.4M | $2.0M | $1.6M | $2.7M | — | View 990 |
| 2017 | $2.0M | $2.2M | $1.7M | $2.6M | — | View 990 |
| 2016 | $2.2M | $1.9M | $1.3M | $2.0M | — | View 990 |
| 2015 | $1.8M | $1.5M | $606K | $1.6M | — | View 990 |
| 2014 | $1.6M | $1.6M | $267K | $144K | — | View 990 |
| 2013 | $1.4M | $1.4M | $208K | $122K | — | View 990 |
| 2012 | $1.3M | $1.3M | $253K | $114K | — | View 990 |
| 2011 | $1.5M | $1.4M | $256K | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.7M, and assets of $9.2M (revenue -9.7% year-over-year).
- 2022: Revenue of $4.7M, expenses of $3.9M, and assets of $9.0M (revenue +35.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.5M, and assets of $2.7M (revenue +2.3% year-over-year).
- 2020: Revenue of $3.4M, expenses of $2.6M, and assets of $2.3M (revenue +48.0% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $1.5M (revenue -3.7% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.0M, and assets of $1.6M (revenue +18.3% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $1.7M (revenue -8.9% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.9M, and assets of $1.3M (revenue +23.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $606K (revenue +9.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $267K (revenue +21.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $208K (revenue +0.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $253K (revenue -8.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $256K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westside Academy Inc:
Data Sources and Methodology
This transparency report for Westside Academy Inc 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.