William C Webb Jr Foundation Inc

Analysis

William C Webb Jr Foundation Inc is a registered charity in United States, based in Royal PLM BCH, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, William C Webb Jr Foundation Inc reported income of $775k and spending of $246k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $775k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William C Webb Jr Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Mental Health Association in Niagara County Inc ($775k), Indiana Philanthropy Alliance Foundation Inc ($775k) and 101 Foundation Inc ($775k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $7.7m against liabilities of $742k, net assets of $7.0m.