Webuild

Analysis

Webuild is a registered charity in United States, based in Olney Springs, CO. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Webuild reported income of $292k and spending of $251k, spending 86% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $437k to $292k (-33%), an average of -13% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Webuild sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Living Wage for US Inc ($292k), Intown Concord ($292k) and Onemine Inc ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% of the total. Compensation of current officers, directors and key employees was $64k (25% of expenses). Other salaries and wages came to $42k. At year end it held assets of $716k against liabilities of $24k, net assets of $692k. It reported 2 employees.