Joseph F Weldy Home for Children Inc

Analysis

Joseph F Weldy Home for Children Inc is a registered charity in United States, based in Winfield, AL. It received its IRS tax-exemption ruling in January 1993, 33 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 November 2023, Joseph F Weldy Home for Children Inc reported income of $333k and spending of $293k, spending 88% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $141k to $333k (+137%), an average of +24% a year. The sharpest change came in the year to November 2021, when income rose by 624%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joseph F Weldy Home for Children Inc 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 64th percentile, and in the 65th percentile within AL. Charities of a similar size with the same main cause include World Wheat Foundation Inc ($333k), Human Dignity Foundation ($333k) and Grow Local South Texas ($333k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $166k. At year end it held assets of $201k against liabilities of $2,158, net assets of $199k. It reported 11 employees.