Welcoming Light Inc
Welcoming Light Inc. shows consistent revenue growth and no officer compensation, but has historically high liabilities.
EIN: 20481648 · Nashua, NH · NTEE: F20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $382K |
| Total Expenses | $244K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $382,403. |
| Net Assets | $18K |
| Transparency Score | 85/100 |
Is Welcoming Light Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Welcoming Light Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welcoming Light Inc
Welcoming Light Inc (EIN: 20481648) is a nonprofit organization based in Nashua, NH, classified under NTEE code F20. The organization reported total revenue of $382K and total assets of $826K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welcoming Light Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welcoming Light Inc is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $334K |
| Total Expenses | $244K |
| Surplus / Deficit | +$91K |
| Total Assets | $826K |
| Total Liabilities | $808K |
| Net Assets | $18K |
| Operating Margin | 27.1% |
| Debt-to-Asset Ratio | 97.8% |
| Months of Reserves | 40.7 months |
Financial Health Grade: A
In 2023, Welcoming Light Inc reported a surplus of $91K with revenue exceeding expenses, holds 40.7 months of operating reserves (strong position), has a debt-to-asset ratio of 97.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Welcoming Light Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +1.3% | -5.2% |
| 2022 | +44.6% | +28.4% | +2.0% |
| 2021 | +72.5% | +30.6% | +241.5% |
| 2020 | -2.4% | -25.0% | -7.0% |
| 2019 | -39.1% | -7.4% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Welcoming Light 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Welcoming Light Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 97.8%.
Executive Compensation Analysis
Welcoming Light Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly commendable for a nonprofit of its size with latest revenue of $382,403.
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 Welcoming Light Inc's IRS 990 filings:
- Historical liabilities frequently exceeded assets, indicating potential long-term financial risk, though the latest filing shows improvement.
Strengths
The following positive indicators were identified for Welcoming Light Inc:
- Consistent revenue growth over the past few years (e.g., $123,632 in 2020 to $334,373 in 2023).
- Expenses consistently lower than revenue, indicating sound financial management.
- 0% officer compensation reported across all filings, demonstrating high efficiency and dedication of resources to mission.
- Positive asset growth from $250,109 in 2020 to $826,331 in 2023.
Frequently Asked Questions about Welcoming Light Inc
Is Welcoming Light Inc a legitimate charity?
Welcoming Light Inc (EIN: 20481648) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $382K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Welcoming Light Inc spend its money?
Welcoming Light Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Welcoming Light Inc tax-deductible?
Welcoming Light Inc is registered as a tax-exempt nonprofit (EIN: 20481648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Welcoming Light Inc CEO make?
Welcoming Light Inc's highest-compensated officer earns $382,403. annually. The organization reported $382K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Welcoming Light Inc's spending goes to programs?
Welcoming Light Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Welcoming Light Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Welcoming Light Inc is above average for NTEE category F20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Welcoming Light Inc located?
Welcoming Light Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20481648. It is classified under NTEE code F20.
How many years of IRS 990 filings does Welcoming Light Inc have?
Welcoming Light 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 $382K in total revenue.
Is Welcoming Light Inc. financially stable?
Yes, Welcoming Light Inc. appears financially stable, consistently generating more revenue than expenses (e.g., $334,373 revenue vs. $243,669 expenses in 2023). However, its historical liabilities have often exceeded assets, though the latest filing shows assets slightly above liabilities.
Does Welcoming Light Inc. pay its executives?
No, Welcoming Light Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its executives.
How has Welcoming Light Inc.'s revenue trended?
Welcoming Light Inc. has shown strong revenue growth, increasing from $123,632 in 2020 to $334,373 in 2023, demonstrating a positive upward trend.
What is the organization's asset-to-liability situation?
While the latest filing (2023) shows assets ($826,331) slightly exceeding liabilities ($808,299), the organization has historically had liabilities exceeding assets, such as in 2022 ($944,055 liabilities vs. $871,383 assets).
Filing History
IRS 990 filing history for Welcoming Light Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welcoming Light Inc's revenue has declined by 9.9%, moving from $371K to $334K. Total assets increased by 90.4% over the same period, from $434K to $826K. Total functional expenses fell by 18.4%, from $299K to $244K. In its most recent filing year (2023), Welcoming Light Inc reported a surplus of $91K, with revenue exceeding expenses. The organization holds $808K in liabilities against $826K in assets (debt-to-asset ratio: 97.8%), resulting in net assets of $18K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $334K | $244K | $826K | $808K | — | — |
| 2022 | $308K | $241K | $871K | $944K | — | View 990 |
| 2021 | $213K | $187K | $854K | $995K | — | View 990 |
| 2020 | $124K | $143K | $250K | $416K | — | View 990 |
| 2019 | $127K | $191K | $269K | $415K | — | View 990 |
| 2018 | $208K | $207K | $288K | $370K | — | View 990 |
| 2017 | $203K | $191K | $302K | $385K | — | View 990 |
| 2016 | $194K | $175K | $321K | $417K | — | View 990 |
| 2015 | $205K | $214K | $341K | $456K | — | View 990 |
| 2014 | $225K | $222K | $364K | $470K | — | View 990 |
| 2013 | $221K | $219K | $375K | $484K | — | View 990 |
| 2012 | $197K | $236K | $393K | $504K | — | View 990 |
| 2011 | $371K | $299K | $434K | $506K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $334K, expenses of $244K, and assets of $826K (revenue +8.4% year-over-year).
- 2022: Revenue of $308K, expenses of $241K, and assets of $871K (revenue +44.6% year-over-year).
- 2021: Revenue of $213K, expenses of $187K, and assets of $854K (revenue +72.5% year-over-year).
- 2020: Revenue of $124K, expenses of $143K, and assets of $250K (revenue -2.4% year-over-year).
- 2019: Revenue of $127K, expenses of $191K, and assets of $269K (revenue -39.1% year-over-year).
- 2018: Revenue of $208K, expenses of $207K, and assets of $288K (revenue +2.5% year-over-year).
- 2017: Revenue of $203K, expenses of $191K, and assets of $302K (revenue +4.6% year-over-year).
- 2016: Revenue of $194K, expenses of $175K, and assets of $321K (revenue -5.2% year-over-year).
- 2015: Revenue of $205K, expenses of $214K, and assets of $341K (revenue -8.8% year-over-year).
- 2014: Revenue of $225K, expenses of $222K, and assets of $364K (revenue +1.6% year-over-year).
- 2013: Revenue of $221K, expenses of $219K, and assets of $375K (revenue +12.2% year-over-year).
- 2012: Revenue of $197K, expenses of $236K, and assets of $393K (revenue -46.9% year-over-year).
- 2011: Revenue of $371K, expenses of $299K, and assets of $434K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welcoming Light Inc:
Data Sources and Methodology
This transparency report for Welcoming Light 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.