Welcome House Maternity Home
Welcome House Maternity Home shows consistent growth and volunteer leadership, with recent expenses slightly exceeding revenue.
EIN: 205071346 · Fergus Falls, MN · NTEE: L40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $621K |
| Total Expenses | $306K |
| Program Spending | 85% |
| Net Assets | $124K |
| Transparency Score | 90/100 |
Is Welcome House Maternity Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Welcome House Maternity Home directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welcome House Maternity Home
Welcome House Maternity Home (EIN: 205071346) is a nonprofit organization based in Fergus Falls, MN, classified under NTEE code L40. The organization reported total revenue of $621K and total assets of $311K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welcome House Maternity Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welcome House Maternity Home is a small nonprofit that has been operating for 18 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 40.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $293K |
| Total Expenses | $306K |
| Surplus / Deficit | $-12,705 |
| Total Assets | $327K |
| Total Liabilities | $203K |
| Net Assets | $124K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 62.0% |
| Months of Reserves | 12.8 months |
Financial Health Grade: C
In 2023, Welcome House Maternity Home reported a deficit of $13K with expenses exceeding revenue, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 62.0% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Welcome House Maternity Home's revenue has grown at a compound annual growth rate (CAGR) of 40.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.3% | +59.0% | -17.7% |
| 2022 | +27.0% | +44.4% | +303.7% |
| 2021 | +73.1% | +47.5% | +127.7% |
| 2020 | +38.1% | +25.0% | +66.3% |
| 2019 | +43.8% | +26.6% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Welcome House Maternity Home with a Mission Score of 90 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, Welcome House Maternity Home 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.0%.
Executive Compensation Analysis
Welcome House Maternity Home reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is a significant strength, as it means all donated funds can be directed towards the organization's mission rather than executive salaries.
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 Welcome House Maternity Home's IRS 990 filings:
- Expenses ($305,656) slightly exceeded revenue ($292,951) in the latest fiscal period (202306), indicating a small operating deficit for that year.
Strengths
The following positive indicators were identified for Welcome House Maternity Home:
- Consistent and significant growth in revenue and assets over six years, from $53,974 revenue in 2018 to $292,951 in 2023.
- 0% officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Healthy asset base ($327,220 in 2023) relative to liabilities ($203,018), demonstrating financial stability.
- Regular and timely filing of IRS Form 990s, indicating good transparency practices.
Frequently Asked Questions about Welcome House Maternity Home
Is Welcome House Maternity Home a legitimate charity?
Welcome House Maternity Home (EIN: 205071346) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 90/100. It has 6 years of IRS 990 filings on record. Total revenue: $621K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Welcome House Maternity Home spend its money?
Welcome House Maternity Home directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Welcome House Maternity Home tax-deductible?
Welcome House Maternity Home is registered as a tax-exempt nonprofit (EIN: 205071346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Welcome House Maternity Home's spending goes to programs?
Welcome House Maternity Home directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Welcome House Maternity Home compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Welcome House Maternity Home is above average for NTEE category L40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Welcome House Maternity Home located?
Welcome House Maternity Home is headquartered in Fergus Falls, Minnesota and files with the IRS under EIN 205071346. It is classified under NTEE code L40.
How many years of IRS 990 filings does Welcome House Maternity Home have?
Welcome House Maternity Home has 6 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 $621K in total revenue.
Is Welcome House Maternity Home a good charity?
Based on the available data, Welcome House Maternity Home appears to be a good charity. It has demonstrated consistent growth, maintains a strong asset base relative to its size, and notably reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has Welcome House Maternity Home's financial health changed over time?
Welcome House Maternity Home has experienced significant financial growth, with revenue increasing from $53,974 in 2018 to $292,951 in 2023, and assets growing from $20,251 to $327,220 over the same period. This indicates increasing support and capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that its executive leadership serves on a volunteer basis, which is a highly efficient model for a nonprofit.
Does Welcome House Maternity Home have sufficient assets?
With assets of $327,220 against liabilities of $203,018 in the latest filing, Welcome House Maternity Home maintains a healthy asset-to-liability ratio, suggesting good financial stability for its operational scale.
Filing History
IRS 990 filing history for Welcome House Maternity Home showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Welcome House Maternity Home's revenue has grown by 442.8%, moving from $54K to $293K. Total assets increased by 1515.8% over the same period, from $20K to $327K. Total functional expenses rose by 436.2%, from $57K to $306K. In its most recent filing year (2023), Welcome House Maternity Home reported a deficit of $13K, with expenses exceeding revenue. The organization holds $203K in liabilities against $327K in assets (debt-to-asset ratio: 62.0%), resulting in net assets of $124K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $293K | $306K | $327K | $203K | — | View 990 |
| 2022 | $236K | $192K | $398K | $261K | — | View 990 |
| 2021 | $186K | $133K | $99K | $5K | — | View 990 |
| 2020 | $107K | $90K | $43K | $2K | — | View 990 |
| 2019 | $78K | $72K | $26K | $2K | — | View 990 |
| 2018 | $54K | $57K | $20K | $2K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $293K, expenses of $306K, and assets of $327K (revenue +24.3% year-over-year).
- 2022: Revenue of $236K, expenses of $192K, and assets of $398K (revenue +27.0% year-over-year).
- 2021: Revenue of $186K, expenses of $133K, and assets of $99K (revenue +73.1% year-over-year).
- 2020: Revenue of $107K, expenses of $90K, and assets of $43K (revenue +38.1% year-over-year).
- 2019: Revenue of $78K, expenses of $72K, and assets of $26K (revenue +43.8% year-over-year).
- 2018: Revenue of $54K, expenses of $57K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welcome House Maternity Home:
Data Sources and Methodology
This transparency report for Welcome House Maternity Home 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.