Webster Hope Inc

Analysis

Webster Hope Inc is a registered charity in United States, based in Webster, NY. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Webster Hope Inc reported income of $237k and spending of $171k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $237k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Webster Hope Inc 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 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include A Cappella Academy Inc ($237k), Dig Furniture Bank ($237k) and West Virginia Farmers Market Association Incorporated ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $51k (30% of expenses). At year end it held assets of $352k against liabilities of $0, net assets of $352k. It reported 1 employees.