Welcome Back Foundation

Analysis

Welcome Back Foundation is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Welcome Back Foundation reported income of $241k and spending of $293k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $216k to $241k (+11%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Welcome Back Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Ohio Valley United Charities Inc ($241k), Cameroon Health and Education Fund Inc ($241k) and Michelle Lynn Holsey Foundation ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $148k. At year end it held assets of $15k against liabilities of $8,054, net assets of $6,646.

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.