Father Vincent Welch Memorial Fund

Analysis

Father Vincent Welch Memorial Fund is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in February 1993, 33 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, Father Vincent Welch Memorial Fund reported income of $381k and spending of $480k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $381k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Father Vincent Welch Memorial Fund sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Nathaniel Missionary Society Inc ($381k), Childrens Policy & Law Initiative of Indiana ($381k) and Edible Education Experience Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.