Welcome Home of Chattanooga

Analysis

Welcome Home of Chattanooga is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 of Chattanooga reported income of $607k and spending of $645k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $607k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 209%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Welcome Home of Chattanooga sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Eastern Plains Healthcare Consortium ($607k), Clinic with a Heart Inc ($607k) and West Coast Sports Medicine Foundation ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $305k. At year end it held assets of $3.7m against liabilities of $1.3m, net assets of $2.4m. It reported 20 employees.