Refugee Welcome Corporation

Analysis

Refugee Welcome Corporation is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Refugee Welcome Corporation reported income of $503k and spending of $513k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $294k to $503k (+71%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Refugee Welcome Corporation 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 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Creative Living Housing Corporation ($503k), Plano Community Home Phase III Inc ($503k) and Home Team Housing ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $20k. At year end it held assets of $629k against liabilities of $570k, net assets of $59k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.