Welcomenst Inc

Analysis

Welcomenst Inc is a registered charity in United States, based in Bolton, MA. It received its IRS tax-exemption ruling in July 2020, 6 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, Welcomenst Inc reported income of $949k and spending of $746k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $309k to $949k (+207%), an average of +207% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Welcomenst Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Sparta-White County Family YMCA ($949k), National Childrens Center Inc Foundation ($949k) and Sparc Inc ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $336k (45% of expenses). At year end it held assets of $219k against liabilities of $0, net assets of $219k.