What is the financial size of WORKERS' EDUCATIONAL ASSOCIATION?

WORKERS' EDUCATIONAL ASSOCIATION is classified as a major charity. In the latest financial year, they reported a total income of £32,705,088 and total expenditure of £28,746,513.

How does WORKERS' EDUCATIONAL ASSOCIATION allocate its spending?

For every pound spent, approximately 95.6% goes directly to charitable activities. The remaining 4.4% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.2%).

What is the workforce structure of WORKERS' EDUCATIONAL ASSOCIATION?

WORKERS' EDUCATIONAL ASSOCIATION employs 736 staff members and is supported by 750 volunteers.

Does WORKERS' EDUCATIONAL ASSOCIATION receive government funding?

Yes. Approximately 91.7% of their income comes from government grants or contracts.

Does WORKERS' EDUCATIONAL ASSOCIATION pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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WORKERS' EDUCATIONAL ASSOCIATION

#1112775

Charitable company•Major•Registered

www.wea.org.uk

Promote adult and general education by stimulating and responding to the demand for liberal education, providing for the needs of working class adults and of those who are socially, economically or educationally disadvantaged, providing educational programmes in the community and in the workplace, furthering the advancement of education for all and promoting the effectiveness of similar charities.

Registered address

WEA CORPORATE SERVICES, 4 LUKE STREET, LONDON, EC2A 4XW

Latest HighlightsFY 2024

Income

All sources

£32,705,088

Expenditure

All activities

£28,746,513

Net Reserves

Unrestricted funds

£4,218,000

Total Assets

Gross assets

£24,750,000

Working Capital

Liquidity

£622,000

Benchmark Performance

Comparing against 1,903 similar major charities

Compare vs:

Reserve Runway

1.8 months

Median: 3.6 monthsAround typical

Income Growth (1yr)

19.0%

Median: 8.2%Top quartile

Spending Efficiency

95.6%

Median: 97.2%Around typical

Income Concentration

173.6%

Median: 87.1%Below typical

Fundraising ROI

N/A

Median: 27.3xUnknown

Income Volatility

11.3%

Median: 13.4%Around typical

Self-Generated Income

99.7%

Median: 92.1%Top quartile

3-Year Income CAGR

2.6%

Median: 8.7%Below typical

Efficiency & Health

Charitable Spending

95.6%

Fundraising Eff.

% income retained

N/A

Governance Cost

% of expenditure

1.2%

Grant Making

% given away

7.4%

Debt Ratio

% of assets

25.4%

Survival Ratio

Months of reserves

1.8 months

Income Profile

Donations & Legacies

% of income

0.1%

Government Reliance

% of income

91.7%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 17363

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

19.0%↑

Income CAGR (3yr)

Compound growth

2.6%

Volatility

Stable

11.3%

Reserves Trend

Direction

Depleting

Governance

Employees

Staff count

736

Volunteers

Volunteer count

750

Volunteer Ratio

Per staff member

1.0:1

Revenue/Employee

Per head

£44,436

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

4.2%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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