Welcome Home Foundation

Analysis

Welcome Home Foundation is a registered charity in United States, based in Moore, SC. It received its IRS tax-exemption ruling in February 2021, 5 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 December 2023, Welcome Home Foundation reported income of $51k and spending of $42k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $492k to $51k (-90%), an average of -68% a year. The sharpest change came in the year to December 2022, when income dropped by 82%. Over the whole period it spent 21% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcome Home Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 25th percentile within SC. Charities of a similar size with the same main cause include Real Life Skills Inc ($51k), Coahoma Collective ($51k) and Foster Village Memphis ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $497k against liabilities of $0, net assets of $497k.