Web Chaver Inc

Analysis

Web Chaver Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Web Chaver Inc reported income of $363k and spending of $358k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $295k to $363k (+23%), an average of +5.3% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Web Chaver Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Historic Downtown Liberty Inc ($363k), Stranahan House Inc ($363k) and American Theater Group Inc ($363k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $46k (13% of expenses). At year end it held assets of $175k against liabilities of $36k, net assets of $139k. It reported 2 employees.