Webb School of Knoxville

Analysis

Webb School of Knoxville is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Webb School of Knoxville reported income of $30.3m and spending of $29.2m, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $24.0m to $30.3m (+26%), an average of +5.9% a year. The sharpest change came in the year to May 2020, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Webb School of Knoxville sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Tougaloo College ($30.2m), Tarbut Vtorah Community Day School ($30.3m) and The American Friends of Winchester College ($30.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.9% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.7m (6.0% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $140.8m against liabilities of $67.8m, net assets of $73.0m. It reported 405 employees.