Rannie Webster Foundation

Analysis

Rannie Webster Foundation is a registered charity in United States, based in Rye, NH. It received its IRS tax-exemption ruling in March 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Rannie Webster Foundation reported income of $14.8m and spending of $16.0m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.3m to $14.8m (+12%), an average of +2.8% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rannie Webster Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Greene County Public Library ($14.8m), Halo Flight Inc ($14.8m) and Valley Comprehensive Community Mental Health Center Inc ($14.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $173k (1.1% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $20.0m against liabilities of $17.7m, net assets of $2.3m. It reported 219 employees.