Webb Park Inc
EIN: 640894048 · Biloxi, MS · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $241K |
| Net Assets | $986K |
Is Webb Park Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Webb Park Inc
Webb Park Inc (EIN: 640894048) is a nonprofit organization based in Biloxi, MS, classified under NTEE code L20. The organization reported total revenue of $238K and total assets of $983K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Webb Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Webb Park Inc is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $241K |
| Surplus / Deficit | $-78,237 |
| Total Assets | $1.1M |
| Total Liabilities | $150K |
| Net Assets | $986K |
| Operating Margin | -48.1% |
| Debt-to-Asset Ratio | 13.2% |
| Months of Reserves | 56.6 months |
Financial Health Grade: B
In 2023, Webb Park Inc reported a deficit of $78K with expenses exceeding revenue, holds 56.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Webb Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | -14.5% | +4.8% |
| 2022 | -2.7% | +22.4% | -6.8% |
| 2021 | +1.0% | +1.6% | -2.4% |
| 2020 | +4.9% | +2.5% | -4.0% |
| 2019 | -0.3% | +7.1% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Webb Park Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Webb Park Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.2%.
Frequently Asked Questions about Webb Park Inc
Is Webb Park Inc a legitimate charity?
Webb Park Inc (EIN: 640894048) is a registered tax-exempt nonprofit based in Mississippi. It has 12 years of IRS 990 filings on record. Total revenue: $238K. No red flags identified. Financial health grade: B.
How does Webb Park Inc spend its money?
Webb Park Inc reported $238K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Webb Park Inc tax-deductible?
Webb Park Inc is registered as a tax-exempt nonprofit (EIN: 640894048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Webb Park Inc located?
Webb Park Inc is headquartered in Biloxi, Mississippi and files with the IRS under EIN 640894048. It is classified under NTEE code L20.
How many years of IRS 990 filings does Webb Park Inc have?
Webb Park Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $238K in total revenue.
Filing History
IRS 990 filing history for Webb Park Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Webb Park Inc's revenue has grown by 91%, moving from $85K to $162K. Total assets decreased by 25.9% over the same period, from $1.5M to $1.1M. Total functional expenses rose by 62%, from $149K to $241K. In its most recent filing year (2023), Webb Park Inc reported a deficit of $78K, with expenses exceeding revenue. The organization holds $150K in liabilities against $1.1M in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $986K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $241K | $1.1M | $150K | — | View 990 |
| 2022 | $163K | $281K | $1.1M | $37K | — | View 990 |
| 2021 | $167K | $230K | $1.2M | $29K | — | — |
| 2020 | $166K | $226K | $1.2M | $13K | — | View 990 |
| 2019 | $158K | $221K | $1.2M | $20K | — | View 990 |
| 2018 | $158K | $206K | $1.3M | $32K | — | — |
| 2017 | $122K | $185K | $1.3M | $7K | — | View 990 |
| 2016 | $123K | $208K | $1.3M | $7K | — | View 990 |
| 2015 | $116K | $458K | $1.4M | $14K | — | View 990 |
| 2014 | $121K | $157K | $1.5M | $9K | — | View 990 |
| 2013 | $115K | $149K | $1.5M | $21K | — | View 990 |
| 2012 | $85K | $149K | $1.5M | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $241K, and assets of $1.1M (revenue -0.1% year-over-year).
- 2022: Revenue of $163K, expenses of $281K, and assets of $1.1M (revenue -2.7% year-over-year).
- 2021: Revenue of $167K, expenses of $230K, and assets of $1.2M (revenue +1.0% year-over-year).
- 2020: Revenue of $166K, expenses of $226K, and assets of $1.2M (revenue +4.9% year-over-year).
- 2019: Revenue of $158K, expenses of $221K, and assets of $1.2M (revenue -0.3% year-over-year).
- 2018: Revenue of $158K, expenses of $206K, and assets of $1.3M (revenue +29.6% year-over-year).
- 2017: Revenue of $122K, expenses of $185K, and assets of $1.3M (revenue -0.8% year-over-year).
- 2016: Revenue of $123K, expenses of $208K, and assets of $1.3M (revenue +6.5% year-over-year).
- 2015: Revenue of $116K, expenses of $458K, and assets of $1.4M (revenue -4.7% year-over-year).
- 2014: Revenue of $121K, expenses of $157K, and assets of $1.5M (revenue +5.6% year-over-year).
- 2013: Revenue of $115K, expenses of $149K, and assets of $1.5M (revenue +35.1% year-over-year).
- 2012: Revenue of $85K, expenses of $149K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Webb Park Inc:
Data Sources and Methodology
This transparency report for Webb Park Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.