Welcome Home Alliance for Veterans

Analysis

Welcome Home Alliance for Veterans is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Alliance for Veterans reported income of $202k and spending of $261k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $202k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcome Home Alliance for Veterans sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Wheeling Forward Inc ($202k), And Then a New Day ($202k) and Suns Smile Senior Care ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $82k (31% of expenses). At year end it held assets of $718k against liabilities of $502k, net assets of $216k. It reported 4 employees.