Webb Park Inc

Analysis

Webb Park Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Webb Park Inc reported income of $162k and spending of $241k, spending 148% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $166k to $162k (-1.8%), an average of -0.6% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Webb Park Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within MS. Charities of a similar size with the same main cause include Homestead Corporation Champaign - Urbana ($162k), Fair Haven West Inc ($163k) and Bourbon Garden Court Inc ($162k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $20k. At year end it held assets of $1.1m against liabilities of $150k, net assets of $986k.

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.