Webster Alumni Foundation Inc

Analysis

Webster Alumni Foundation Inc is a registered charity in United States, based in Webster, SD. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Webster Alumni Foundation Inc reported income of $141k and spending of $65k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $2.3m to $141k (-94%), an average of -61% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 13% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Webster Alumni Foundation Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within SD. Charities of a similar size with the same main cause include Unity Foundation ($141k), TR U-W Lawrence Archer Wachs ($141k) and Horry Electric Trust ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.