Webb School

Analysis

Webb School is a registered charity in United States, based in Bell Buckle, TN. It received its IRS tax-exemption ruling in March 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Webb School reported income of $17.3m and spending of $20.8m, spending 120% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $13.1m to $17.3m (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Webb School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Element Education Inc ($17.3m), The International School of Louisiana ($17.3m) and Almaden Country Day School ($17.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $665k (3.2% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $66.0m against liabilities of $19.9m, net assets of $46.1m. It reported 185 employees.

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.