Welcome Home Of Chattanooga
EIN: 462613489 · Chattanooga, TN · NTEE: E91
| Metric | Value |
|---|---|
| Total Revenue | $792K |
| Total Expenses | $645K |
| Net Assets | $2.4M |
Is Welcome Home Of Chattanooga Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Welcome Home Of Chattanooga
Welcome Home Of Chattanooga (EIN: 462613489) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code E91. The organization reported total revenue of $792K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welcome Home Of Chattanooga's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welcome Home Of Chattanooga is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $607K |
| Total Expenses | $645K |
| Surplus / Deficit | $-37,679 |
| Total Assets | $3.7M |
| Total Liabilities | $1.3M |
| Net Assets | $2.4M |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 34.3% |
| Months of Reserves | 68.3 months |
Financial Health Grade: B
In 2023, Welcome Home Of Chattanooga reported a deficit of $38K with expenses exceeding revenue, holds 68.3 months of operating reserves (strong position), has a debt-to-asset ratio of 34.3% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Welcome Home Of Chattanooga's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.9% | +4.1% | -2.6% |
| 2022 | +19.2% | +39.2% | +115.5% |
| 2021 | +209.5% | +18.0% | +92.1% |
| 2020 | +25.6% | +13.2% | +86.0% |
| 2019 | -12.1% | +13.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Welcome Home Of Chattanooga 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 Home Of Chattanooga 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 $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.3%.
Frequently Asked Questions about Welcome Home Of Chattanooga
Is Welcome Home Of Chattanooga a legitimate charity?
Welcome Home Of Chattanooga (EIN: 462613489) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $792K. No red flags identified. Financial health grade: B.
How does Welcome Home Of Chattanooga spend its money?
Welcome Home Of Chattanooga reported $792K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Welcome Home Of Chattanooga tax-deductible?
Welcome Home Of Chattanooga is registered as a tax-exempt nonprofit (EIN: 462613489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welcome Home Of Chattanooga located?
Welcome Home Of Chattanooga is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 462613489. It is classified under NTEE code E91.
How many years of IRS 990 filings does Welcome Home Of Chattanooga have?
Welcome Home Of Chattanooga 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 $792K in total revenue.
Filing History
IRS 990 filing history for Welcome Home Of Chattanooga showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Welcome Home Of Chattanooga's revenue has grown by 345.1%, moving from $136K to $607K. Total assets increased by 887.2% over the same period, from $372K to $3.7M. Total functional expenses rose by 12278.1%, from $5K to $645K. In its most recent filing year (2023), Welcome Home Of Chattanooga reported a deficit of $38K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $3.7M in assets (debt-to-asset ratio: 34.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $607K | $645K | $3.7M | $1.3M | — | — |
| 2022 | $1.6M | $619K | $3.8M | $1.3M | — | View 990 |
| 2021 | $1.3M | $445K | $1.7M | $325K | — | View 990 |
| 2020 | $432K | $377K | $911K | $367K | — | — |
| 2019 | $344K | $333K | $490K | $654 | — | View 990 |
| 2018 | $391K | $294K | $476K | $355 | — | View 990 |
| 2017 | $321K | $264K | $387K | $9K | — | — |
| 2016 | $203K | $201K | $333K | $2K | — | View 990 |
| 2015 | $128K | $169K | $337K | $8K | — | View 990 |
| 2014 | $136K | $5K | $372K | $240K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $607K, expenses of $645K, and assets of $3.7M (revenue -61.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $619K, and assets of $3.8M (revenue +19.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $445K, and assets of $1.7M (revenue +209.5% year-over-year).
- 2020: Revenue of $432K, expenses of $377K, and assets of $911K (revenue +25.6% year-over-year).
- 2019: Revenue of $344K, expenses of $333K, and assets of $490K (revenue -12.1% year-over-year).
- 2018: Revenue of $391K, expenses of $294K, and assets of $476K (revenue +21.7% year-over-year).
- 2017: Revenue of $321K, expenses of $264K, and assets of $387K (revenue +58.2% year-over-year).
- 2016: Revenue of $203K, expenses of $201K, and assets of $333K (revenue +58.9% year-over-year).
- 2015: Revenue of $128K, expenses of $169K, and assets of $337K (revenue -6.3% year-over-year).
- 2014: Revenue of $136K, expenses of $5K, and assets of $372K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welcome Home Of Chattanooga:
Data Sources and Methodology
This transparency report for Welcome Home Of Chattanooga 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.