Welcomehealth

Analysis

Welcomehealth is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in November 1986, 40 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, Welcomehealth reported income of $886k and spending of $709k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $702k to $886k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Welcomehealth 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 78th percentile, and in the 79th percentile within AR. Charities of a similar size with the same main cause include VFW Post 1 Foundation ($886k), Toledo Public Schools Foundation ($886k) and Marysville Area Ministerial Association ($886k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.7% of the total. Other salaries and wages came to $335k. At year end it held assets of $1.7m against liabilities of $21k, net assets of $1.7m. It reported 10 employees.