Clara Welch Thanksgiving Home Inc
Clara Welch Thanksgiving Home Inc maintains stable finances with consistent surpluses and no reported officer compensation.
EIN: 150543655 · Cooperstown, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $8.2M |
| Transparency Score | 85/100 |
Is Clara Welch Thanksgiving Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clara Welch Thanksgiving Home Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clara Welch Thanksgiving Home Inc
Clara Welch Thanksgiving Home Inc (EIN: 150543655) is a nonprofit organization based in Cooperstown, NY. The organization reported total revenue of $2.6M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clara Welch Thanksgiving Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clara Welch Thanksgiving Home Inc is a mid-size nonprofit that has been operating for 88 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$246K |
| Total Assets | $8.2M |
| Total Liabilities | $25K |
| Net Assets | $8.2M |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 40.3 months |
Financial Health Grade: A
In 2023, Clara Welch Thanksgiving Home Inc reported a surplus of $246K with revenue exceeding expenses, holds 40.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Clara Welch Thanksgiving Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | -1.0% | +3.2% |
| 2022 | +7.3% | -2.0% | +2.1% |
| 2021 | -11.9% | +4.1% | -0.4% |
| 2020 | +87.1% | +2.7% | +4.6% |
| 2019 | -25.8% | +3.2% | -23.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clara Welch Thanksgiving Home Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Clara Welch Thanksgiving Home Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $246K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly unusual for an organization with over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clara Welch Thanksgiving Home Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation for an organization of this size is unusual and warrants further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Clara Welch Thanksgiving Home Inc:
- Consistent operational surpluses in recent years (e.g., $245,755 in 2023, $176,449 in 2022)
- Very low liabilities, consistently under $50,000 in recent filings, indicating strong financial health
- Growing asset base in recent years, from $7.4M in 2019 to $8.2M in 2023
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership
Frequently Asked Questions about Clara Welch Thanksgiving Home Inc
Is Clara Welch Thanksgiving Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clara Welch Thanksgiving Home Inc (EIN: 150543655) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Clara Welch Thanksgiving Home Inc spend its money?
Clara Welch Thanksgiving Home Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clara Welch Thanksgiving Home Inc tax-deductible?
Clara Welch Thanksgiving Home Inc is registered as a tax-exempt nonprofit (EIN: 150543655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Clara Welch Thanksgiving Home Inc CEO make?
Clara Welch Thanksgiving Home Inc's highest-compensated officer earns $2 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Clara Welch Thanksgiving Home Inc's spending goes to programs?
Clara Welch Thanksgiving Home Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Clara Welch Thanksgiving Home Inc located?
Clara Welch Thanksgiving Home Inc is headquartered in Cooperstown, New York and files with the IRS under EIN 150543655.
How many years of IRS 990 filings does Clara Welch Thanksgiving Home Inc have?
Clara Welch Thanksgiving Home Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
How does Clara Welch Thanksgiving Home Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key management personnel is categorized differently within their financial statements, such as under general salaries and wages rather than specific officer compensation.
What is the primary source of the organization's revenue?
While the filings show total revenue, the specific breakdown of revenue sources (e.g., contributions, program service revenue, investment income) is not provided in the summary data. Further examination of the full 990 forms would be needed to identify the primary sources.
Are the increasing assets a result of operational surpluses or investment gains?
The recent trend of increasing assets, from $7,478,420 in 2019 to $8,204,594 in 2023, aligns with the organization's consistent operational surpluses in recent years (e.g., $245,755 in 2023). Investment gains could also contribute, but the operational surpluses are a clear factor.
Filing History
IRS 990 filing history for Clara Welch Thanksgiving Home Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Clara Welch Thanksgiving Home Inc's revenue has grown by 62.8%, moving from $1.7M to $2.7M. Total assets decreased by 23.7% over the same period, from $10.7M to $8.2M. Total functional expenses rose by 19.7%, from $2.0M to $2.4M. In its most recent filing year (2023), Clara Welch Thanksgiving Home Inc reported a surplus of $246K, with revenue exceeding expenses. The organization holds $25K in liabilities against $8.2M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.4M | $8.2M | $25K | — | View 990 |
| 2022 | $2.6M | $2.5M | $8.0M | $20K | — | View 990 |
| 2021 | $2.5M | $2.5M | $7.8M | $30K | — | View 990 |
| 2020 | $2.8M | $2.4M | $7.8M | $10K | — | View 990 |
| 2019 | $1.5M | $2.4M | $7.5M | $50K | — | — |
| 2015 | $2.0M | $2.3M | $9.8M | $51K | — | View 990 |
| 2014 | $2.2M | $2.1M | $10.1M | $65K | — | View 990 |
| 2013 | $1.7M | $2.1M | $10.1M | $71K | — | View 990 |
| 2012 | $1.6M | $2.0M | $10.4M | $40K | — | View 990 |
| 2011 | $1.7M | $2.0M | $10.7M | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.4M, and assets of $8.2M (revenue +1.7% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.5M, and assets of $8.0M (revenue +7.3% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.5M, and assets of $7.8M (revenue -11.9% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.4M, and assets of $7.8M (revenue +87.1% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.4M, and assets of $7.5M (revenue -25.8% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.3M, and assets of $9.8M (revenue -6.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $10.1M (revenue +25.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $2.1M, and assets of $10.1M (revenue +5.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.0M, and assets of $10.4M (revenue -1.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.0M, and assets of $10.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clara Welch Thanksgiving Home Inc:
Data Sources and Methodology
This transparency report for Clara Welch Thanksgiving Home Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.