Welcome America Inc
EIN: 232721729 · Philadelphia, PA · NTEE: A84Z
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $4.7M |
| Net Assets | $-476,331 |
Is Welcome America Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Welcome America Inc
Welcome America Inc (EIN: 232721729) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A84Z. The organization reported total revenue of $6.6M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welcome America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welcome America Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-327,428 |
| Total Assets | $1.1M |
| Total Liabilities | $1.5M |
| Net Assets | $-476,331 |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 145.3% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Welcome America Inc reported a deficit of $327K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 145.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Welcome America Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.8% | +18.8% | +58.1% |
| 2022 | +56.0% | +48.7% | +185.0% |
| 2021 | -9.8% | +28.0% | +34.6% |
| 2020 | -24.0% | -46.5% | -14.7% |
| 2019 | +3.2% | +14.2% | -66.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Welcome America Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Welcome America Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $327K, with expenses exceeding revenue.
- Debt-to-asset ratio: 145.3%.
Frequently Asked Questions about Welcome America Inc
Is Welcome America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Welcome America Inc (EIN: 232721729) insufficient data. 0 red flags identified, 0 strengths noted.
How does Welcome America Inc spend its money?
Detailed spending breakdown data is not yet available for Welcome America Inc. Check back for updated IRS 990 analysis.
Are donations to Welcome America Inc tax-deductible?
Welcome America Inc is registered as a tax-exempt nonprofit (EIN: 232721729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welcome America Inc located?
Welcome America Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 232721729. It is classified under NTEE code A84Z.
How many years of IRS 990 filings does Welcome America Inc have?
Welcome America Inc has 13 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 $6.6M in total revenue.
Filing History
IRS 990 filing history for Welcome America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welcome America Inc's revenue has grown by 111.1%, moving from $2.1M to $4.4M. Total assets increased by 1315.9% over the same period, from $74K to $1.1M. Total functional expenses rose by 127.3%, from $2.1M to $4.7M. In its most recent filing year (2023), Welcome America Inc reported a deficit of $327K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.1M in assets (debt-to-asset ratio: 145.3%), resulting in net assets of $-476,331.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.7M | $1.1M | $1.5M | — | — |
| 2022 | $3.9M | $4.0M | $665K | $814K | — | View 990 |
| 2021 | $2.5M | $2.7M | $233K | $337K | — | View 990 |
| 2020 | $2.8M | $2.1M | $173K | $123K | — | — |
| 2019 | $3.7M | $3.9M | $203K | $856K | — | View 990 |
| 2018 | $3.6M | $3.4M | $598K | $1.0M | — | View 990 |
| 2017 | $2.6M | $2.6M | $227K | $801K | — | View 990 |
| 2016 | $2.6M | $2.6M | $308K | $876K | — | View 990 |
| 2015 | $2.1M | $1.9M | $187K | $776K | — | View 990 |
| 2014 | $2.2M | $2.1M | $196K | $1.0M | — | View 990 |
| 2013 | $2.1M | $2.0M | $72K | $1.0M | — | View 990 |
| 2012 | $2.0M | $2.2M | $212K | $1.2M | — | View 990 |
| 2011 | $2.1M | $2.1M | $74K | $839K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.7M, and assets of $1.1M (revenue +11.8% year-over-year).
- 2022: Revenue of $3.9M, expenses of $4.0M, and assets of $665K (revenue +56.0% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.7M, and assets of $233K (revenue -9.8% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.1M, and assets of $173K (revenue -24.0% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.9M, and assets of $203K (revenue +3.2% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.4M, and assets of $598K (revenue +34.7% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $227K (revenue +1.5% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $308K (revenue +21.4% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.9M, and assets of $187K (revenue -3.1% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $196K (revenue +6.5% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.0M, and assets of $72K (revenue +3.4% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.2M, and assets of $212K (revenue -3.4% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welcome America Inc:
Data Sources and Methodology
This transparency report for Welcome America 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.