Welcome House Inc

Analysis

Welcome House Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) 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 $133k and spending of $191k, spending 144% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $304k to $133k (-56%), an average of -15% a year. The sharpest change came in the year to December 2019, when income dropped by 49%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Welcome House Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 35th percentile within ND. Charities of a similar size with the same main cause include Childhaven Foundation Inc ($133k), St Joseph Helpers ($133k) and Aguila Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $47k (25% of expenses). Other salaries and wages came to $65k. At year end it held assets of $86k against liabilities of $3,016, net assets of $83k. It reported 5 employees.