Friends of the Welty Environmental Center Inc

Analysis

Friends of the Welty Environmental Center Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of the Welty Environmental Center Inc reported income of $425k and spending of $181k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $425k (+90%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 60% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Welty Environmental Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Clear Lake Township Land Conservancy Inc ($424k), Gila Resources Information Project ($425k) and Cloud City Conservation Center ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $41k (23% of expenses). Other salaries and wages came to $89k. At year end it held assets of $860k against liabilities of $2,107, net assets of $858k. It reported 9 employees.