Welcome Hand

Analysis

Welcome Hand is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2023, Welcome Hand reported income of $122k and spending of $121k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $77k to $122k (+58%), an average of +58% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Welcome Hand sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within UT. Charities of a similar size with the same main cause include Africian American Atelier Inc ($122k), Tampa Bay Businesses for Culture and the Arts Inc ($122k) and Hills & Dales Health Care Corporation ($122k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,394 against liabilities of $0, net assets of $1,394.