Webco Foundation

Analysis

Webco Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Webco Foundation reported income of $185k and spending of $60k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $185k (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Webco Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within HI. Charities of a similar size with the same main cause include Elk Hill Farm Foundation ($185k), Lourdes Foundation Inc ($185k) and Waverly Community Foundation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.