Webb Squared

Analysis

Webb Squared is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Webb Squared reported income of $201k and spending of $187k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $201k (+148%), an average of +148% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Webb Squared sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Creston Neighborhood Association ($201k), Womans Club of Winter Park Inc ($201k) and River North Residents Association ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $75k (40% of expenses). At year end it held assets of $17k against liabilities of $0, net assets of $17k. It reported 2 employees.