Clara Welty Test TR Fbo Welty Home for the Aged Inc

Analysis

Clara Welty Test TR Fbo Welty Home for the Aged Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in February 1965, 61 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clara Welty Test TR Fbo Welty Home for the Aged Inc reported income of $8.4m and spending of $708k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $8.4m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 410%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clara Welty Test TR Fbo Welty Home for the Aged Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Housing Resources of Western Colorado ($8.4m), Southern Maryland Tri-County Community Action Committee Inc ($8.4m) and American Friends of Meir Panim ($8.4m).

At year end it held assets of $39.7m against liabilities of $3.5m, net assets of $36.3m.