Webhannet Charitable Foundation Inc

Analysis

Webhannet Charitable Foundation Inc is a registered charity in United States, based in Kennebunk, ME. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Webhannet Charitable Foundation Inc reported income of $96k and spending of $99k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $96k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Webhannet Charitable Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 29th percentile within ME. Charities of a similar size with the same main cause include 40 Winks Foundation ($96k), Love in the Name of Christ of Lewis County ($96k) and Penuel Ridge Retreat Center ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.