Welcome Project Inc

Analysis

Welcome Project Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Welcome Project Inc reported income of $644k and spending of $934k, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $324k to $644k (+99%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 104%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Welcome Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Oregon Pediatric Society ($644k), Virginia Museum of Natural History Foundation ($644k) and National Church Residences Huffman Place Dayton Oh ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $332k. At year end it held assets of $585k against liabilities of $70k, net assets of $515k. It reported 16 employees.