Web-Co Custom Industries Inc

Analysis

Web-Co Custom Industries Inc is a registered charity in United States, based in Marshfield, MO. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 2024, Web-Co Custom Industries Inc reported income of $103k and spending of $171k, spending 166% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.4m to $103k (-93%), an average of -41% a year. The sharpest change came in the year to June 2021, when income dropped by 64%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Web-Co Custom Industries Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MO. Charities of a similar size with the same main cause include Little League Baseball Inc ($103k), PTA California Congress of Parents Teachers & Students Inc ($103k) and Prospect Park Termites ($103k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.9m against liabilities of $1.0m, net assets of $837k.

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.