Welcome Home Inc

Analysis

Welcome Home Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Welcome Home Inc reported income of $321k and spending of $147k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $308k to $321k (+4.0%), an average of +4.0% a year. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcome Home Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Copper River Basin Child Advocacy Center ($321k), Shields for Kids Inc ($321k) and Raise for Rowyn ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $25k. At year end it held assets of $561k against liabilities of $0, net assets of $561k. It reported 1 employees.