Webb Institute

Analysis

Webb Institute is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Webb Institute reported income of $12.3m and spending of $15.1m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.4m to $12.3m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Webb Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Goodwin University Educational Services Inc ($12.3m), Oakland School for the Arts ($12.3m) and Rochester School for the Deaf ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $683k (4.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $98.1m against liabilities of $5.8m, net assets of $92.3m. It reported 64 employees.