Webber International University Inc

Analysis

Webber International University Inc is a registered charity in United States, based in Babson Park, FL. It received its IRS tax-exemption ruling in August 1928, 98 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Webber International University Inc reported income of $19.9m and spending of $21.1m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $14.5m to $19.9m (+38%), an average of +8.4% a year. The sharpest change came in the year to May 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Webber International University Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Behavioral Health Resources ($19.9m), Honolulu Community Action Program ($19.9m) and Catholic Community Foundation ($19.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Other salaries and wages came to $6.1m. At year end it held assets of $32.5m against liabilities of $20.7m, net assets of $11.8m. It reported 281 employees.