Vincent B and Barbara G Welch Supporting Organization

Analysis

Vincent B and Barbara G Welch Supporting Organization is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vincent B and Barbara G Welch Supporting Organization reported income of $720k and spending of $367k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $720k (+320%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vincent B and Barbara G Welch Supporting Organization sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Project Shelter Inc ($720k), St Pauls Episcopal School Foundation Inc ($721k) and Americans for Limited Government Research Foundation Inc ($720k).

At year end it held assets of $8.1m against liabilities of $400k, net assets of $7.7m.