Welcome House Inc

Analysis

Welcome House Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 $3.2m and spending of $3.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.2m (+132%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 180%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Welcome House Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Center for Wellness and Recovery of Northeast Ga Corporati ($3.2m), TBHC Pediatric Services ($3.2m) and Independent Health Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $169k (5.6% of expenses). Other salaries and wages came to $769k. It paid $19k in professional fundraising fees. At year end it held assets of $15.5m against liabilities of $5.6m, net assets of $9.9m. It reported 70 employees.