Welcomed Inc

Analysis

Welcomed Inc is a registered charity in United States, based in Wild Rose, WI. It received its IRS tax-exemption ruling in April 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 2023, Welcomed Inc reported income of $119k and spending of $135k, spending 113% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $35k to $119k (+238%), an average of +238% a year. The sharpest change came in the year to June 2023, when income rose by 238%. Over the whole period it spent 147% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcomed Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Grace & Peace Ministries Inc ($119k), Mason Food Bank ($119k) and Hope for Los Cabos ($119k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $47k against liabilities of $11, net assets of $47k.