The Webb Schools

Analysis

The Webb Schools is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in October 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Webb Schools reported income of $36.2m and spending of $31.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.2m to $36.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Webb Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Midway University Inc ($36.2m), Voorhees University ($36.2m) and Shaw University ($36.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.8m (5.6% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $115.7m against liabilities of $20.1m, net assets of $95.6m. It reported 236 employees.