Welcome Chatham Inc

Analysis

Welcome Chatham Inc is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in February 2018, 8 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 June 2022, Welcome Chatham Inc reported income of $63k and spending of $97k, spending 155% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $99k to $63k (-37%), an average of -14% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcome Chatham Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Moving Forward Payee Services Corp ($63k), Lord Wedgwood Charity ($63k) and Life Resource Services of Jackson County ($63k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $17k. At year end it held assets of $63k against liabilities of $6,961, net assets of $56k. It reported 1 employees.