Welcome Home Veterans Inc
EIN: 264594172 · Mooresville, NC · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $313K |
| Total Expenses | $168K |
| Net Assets | $554K |
Is Welcome Home Veterans 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 Home Veterans Inc
Welcome Home Veterans Inc (EIN: 264594172) is a nonprofit organization based in Mooresville, NC, classified under NTEE code A50. The organization reported total revenue of $313K and total assets of $697K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welcome Home Veterans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welcome Home Veterans Inc is a small nonprofit that has been operating for 12 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $168K |
| Surplus / Deficit | +$26K |
| Total Assets | $554K |
| Net Assets | $554K |
| Operating Margin | 13.2% |
| Months of Reserves | 39.6 months |
Financial Health Grade: A
In 2023, Welcome Home Veterans Inc reported a surplus of $26K with revenue exceeding expenses, holds 39.6 months of operating reserves (strong position).
Financial Trends
Over 15 years of filings (2009–2023), Welcome Home Veterans Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | +3.1% | +4.9% |
| 2022 | +40.3% | +86.5% | +10.1% |
| 2021 | +279.5% | +46.1% | +15.2% |
| 2020 | -71.6% | +1.6% | -4.6% |
| 2019 | +57.5% | -20.7% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Welcome Home Veterans 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 Home Veterans 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 surplus of $26K, with revenue exceeding expenses.
Frequently Asked Questions about Welcome Home Veterans Inc
Is Welcome Home Veterans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Welcome Home Veterans Inc (EIN: 264594172) insufficient data. 0 red flags identified, 0 strengths noted.
How does Welcome Home Veterans Inc spend its money?
Detailed spending breakdown data is not yet available for Welcome Home Veterans Inc. Check back for updated IRS 990 analysis.
Are donations to Welcome Home Veterans Inc tax-deductible?
Welcome Home Veterans Inc is registered as a tax-exempt nonprofit (EIN: 264594172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welcome Home Veterans Inc located?
Welcome Home Veterans Inc is headquartered in Mooresville, North Carolina and files with the IRS under EIN 264594172. It is classified under NTEE code A50.
How many years of IRS 990 filings does Welcome Home Veterans Inc have?
Welcome Home Veterans Inc has 15 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 $313K in total revenue.
Filing History
IRS 990 filing history for Welcome Home Veterans Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), Welcome Home Veterans Inc's revenue has grown by 605.9%, moving from $27K to $193K. Total assets increased by 6280.1% over the same period, from $9K to $554K. Total functional expenses rose by 796.2%, from $19K to $168K. In its most recent filing year (2023), Welcome Home Veterans Inc reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $168K | $554K | $0 | — | — |
| 2022 | $211K | $163K | $528K | $0 | — | — |
| 2021 | $150K | $87K | $480K | $0 | — | View 990 |
| 2020 | $40K | $60K | $416K | $0 | — | — |
| 2019 | $140K | $59K | $437K | $0 | — | View 990 |
| 2018 | $89K | $74K | $453K | $97K | — | View 990 |
| 2017 | $100K | $55K | $497K | $156K | — | View 990 |
| 2016 | $109K | $68K | $484K | $188K | — | View 990 |
| 2015 | $81K | $51K | $479K | $225K | — | View 990 |
| 2014 | $107K | $70K | $482K | $257K | — | View 990 |
| 2013 | $128K | $65K | $497K | $309K | — | View 990 |
| 2012 | $77K | $50K | $430K | $316K | — | View 990 |
| 2011 | $109K | $42K | $78K | $0 | — | View 990 |
| 2010 | $17K | $18K | $7K | $0 | — | View 990 |
| 2009 | $27K | $19K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $168K, and assets of $554K (revenue -8.4% year-over-year).
- 2022: Revenue of $211K, expenses of $163K, and assets of $528K (revenue +40.3% year-over-year).
- 2021: Revenue of $150K, expenses of $87K, and assets of $480K (revenue +279.5% year-over-year).
- 2020: Revenue of $40K, expenses of $60K, and assets of $416K (revenue -71.6% year-over-year).
- 2019: Revenue of $140K, expenses of $59K, and assets of $437K (revenue +57.5% year-over-year).
- 2018: Revenue of $89K, expenses of $74K, and assets of $453K (revenue -11.0% year-over-year).
- 2017: Revenue of $100K, expenses of $55K, and assets of $497K (revenue -8.9% year-over-year).
- 2016: Revenue of $109K, expenses of $68K, and assets of $484K (revenue +35.3% year-over-year).
- 2015: Revenue of $81K, expenses of $51K, and assets of $479K (revenue -24.3% year-over-year).
- 2014: Revenue of $107K, expenses of $70K, and assets of $482K (revenue -16.9% year-over-year).
- 2013: Revenue of $128K, expenses of $65K, and assets of $497K (revenue +66.6% year-over-year).
- 2012: Revenue of $77K, expenses of $50K, and assets of $430K (revenue -29.4% year-over-year).
- 2011: Revenue of $109K, expenses of $42K, and assets of $78K (revenue +557.2% year-over-year).
- 2010: Revenue of $17K, expenses of $18K, and assets of $7K (revenue -39.3% year-over-year).
- 2009: Revenue of $27K, expenses of $19K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welcome Home Veterans Inc:
Data Sources and Methodology
This transparency report for Welcome Home Veterans 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.