Webster Street II Inc

Analysis

Webster Street II Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Webster Street II Inc reported income of $79k and spending of $130k, spending 165% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $89k to $79k (-11%), an average of -3.9% a year. Over the whole period it spent 145% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Webster Street II Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Northeastern Nevada Casa ($79k), Jf&cs Foundation Inc ($79k) and American Society of Musical Excellence ($79k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $659k against liabilities of $523k, net assets of $136k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.