Welding Research Council Inc

Analysis

Welding Research Council Inc is a registered charity in United States, based in Shaker Heights, OH. It received its IRS tax-exemption ruling in November 1943, 83 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 June 2023, Welding Research Council Inc reported income of $224k and spending of $107k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $213k to $224k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Welding Research Council Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Santa Barbara County Action Network ($224k), Indiana Association of Public Education Foundations Incorporated ($224k) and The Mill District Inc ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $25k (23% of expenses). At year end it held assets of $458k against liabilities of $101k, net assets of $356k. It reported 1 employees.