Welcome Home Ministries

Analysis

Welcome Home Ministries is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Ministries reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $969k to $1.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Welcome Home Ministries sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Contemporary Art for San Antonio ($1.2m), Hyde Park School of Dance ($1.2m) and Delaware First Media Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $93k (8.5% of expenses). Other salaries and wages came to $388k. At year end it held assets of $2.4m against liabilities of $331k, net assets of $2.0m.