Webster Towers Inc

Analysis

Webster Towers Inc is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in February 1994, 32 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 May 2024, Webster Towers Inc reported income of $801k and spending of $790k, spending 99% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $739k to $801k (+8.3%), an average of +2.0% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Webster Towers Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Johnson County Livestock & Agricultural Assoc ($801k), Chinese Community Center Inc ($801k) and Tomorrows Women ($801k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Other salaries and wages came to $154k. At year end it held assets of $1.7m against liabilities of $336k, net assets of $1.4m. It reported 3 employees.