Welcome House Inc

Analysis

Welcome House Inc is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in September 1995, 31 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 House Inc reported income of $16.2m and spending of $16.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.3m to $16.2m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcome House Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Food Allergy Research & Education Inc ($16.2m), McAr ($16.2m) and Center for Science in the Public Interest ($16.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $339k (2.0% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $9.6m against liabilities of $3.6m, net assets of $6.0m. It reported 448 employees.