Welcome Home Inc

Analysis

Welcome Home Inc is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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 Home Inc reported income of $2.6m and spending of $3.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.6m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Welcome Home Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Success America ($2.6m), Ashland Area Young Mens Christian Association ($2.6m) and Nextech Org Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $116k (3.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.7m against liabilities of $338k, net assets of $4.4m. It reported 46 employees.