Welfare Pride Inc

Analysis

Welfare Pride Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1973, 53 years ago. 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, Welfare Pride Inc reported income of $960k and spending of $1.1m, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $534k to $960k (+80%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Welfare Pride Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Performing Arts Centers of Key West Inc ($960k), 100 Black Men of the Bay Area Inc ($960k) and Rosemarys Babies ($960k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $797k. At year end it held assets of $51k against liabilities of $0, net assets of $51k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.