Welfare Pride Inc
EIN: 237272788 · Philadelphia, PA
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.1M |
| Net Assets | $51K |
Is Welfare Pride Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Welfare Pride Inc
Welfare Pride Inc (EIN: 237272788) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $2.3M and total assets of $858K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welfare Pride Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welfare Pride Inc is a mid-size nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $960K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-163,507 |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | -17.0% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, Welfare Pride Inc reported a deficit of $164K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Welfare Pride Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.4% | +48.1% | -76.1% |
| 2022 | -25.8% | -21.9% | -18.7% |
| 2021 | +79.2% | +74.7% | +1.5% |
| 2019 | +51.9% | +56.7% | -7.9% |
| 2018 | +4.6% | -2.6% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Welfare Pride 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 Welfare Pride 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 $164K, with expenses exceeding revenue.
Frequently Asked Questions about Welfare Pride Inc
Is Welfare Pride Inc a legitimate charity?
Welfare Pride Inc (EIN: 237272788) is a registered tax-exempt nonprofit based in Pennsylvania. It has 12 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. Financial health grade: C.
How does Welfare Pride Inc spend its money?
Welfare Pride Inc reported $2.3M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Welfare Pride Inc tax-deductible?
Welfare Pride Inc is registered as a tax-exempt nonprofit (EIN: 237272788). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welfare Pride Inc located?
Welfare Pride Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 237272788.
How many years of IRS 990 filings does Welfare Pride Inc have?
Welfare Pride Inc has 12 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Welfare Pride Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Welfare Pride Inc's revenue has grown by 32.5%, moving from $725K to $960K. Total assets increased by 252.1% over the same period, from $15K to $51K. Total functional expenses rose by 48.9%, from $755K to $1.1M. In its most recent filing year (2023), Welfare Pride Inc reported a deficit of $164K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $960K | $1.1M | $51K | $0 | — | View 990 |
| 2022 | $709K | $759K | $215K | $0 | — | View 990 |
| 2021 | $956K | $971K | $264K | $0 | — | View 990 |
| 2019 | $534K | $556K | $260K | $0 | — | View 990 |
| 2018 | $351K | $355K | $282K | $0 | — | View 990 |
| 2017 | $336K | $364K | $286K | $0 | — | View 990 |
| 2016 | $480K | $485K | $314K | $0 | — | View 990 |
| 2015 | $490K | $497K | $319K | $0 | — | View 990 |
| 2014 | $503K | $605K | $326K | $0 | — | View 990 |
| 2013 | $615K | $625K | $428K | $0 | — | View 990 |
| 2012 | $0 | $803K | $588K | $149K | — | View 990 |
| 2011 | $725K | $755K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $960K, expenses of $1.1M, and assets of $51K (revenue +35.4% year-over-year).
- 2022: Revenue of $709K, expenses of $759K, and assets of $215K (revenue -25.8% year-over-year).
- 2021: Revenue of $956K, expenses of $971K, and assets of $264K (revenue +79.2% year-over-year).
- 2019: Revenue of $534K, expenses of $556K, and assets of $260K (revenue +51.9% year-over-year).
- 2018: Revenue of $351K, expenses of $355K, and assets of $282K (revenue +4.6% year-over-year).
- 2017: Revenue of $336K, expenses of $364K, and assets of $286K (revenue -30.0% year-over-year).
- 2016: Revenue of $480K, expenses of $485K, and assets of $314K (revenue -2.0% year-over-year).
- 2015: Revenue of $490K, expenses of $497K, and assets of $319K (revenue -2.7% year-over-year).
- 2014: Revenue of $503K, expenses of $605K, and assets of $326K (revenue -18.1% year-over-year).
- 2013: Revenue of $615K, expenses of $625K, and assets of $428K.
- 2012: Revenue of $0, expenses of $803K, and assets of $588K (revenue -100.0% year-over-year).
- 2011: Revenue of $725K, expenses of $755K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welfare Pride Inc:
Data Sources and Methodology
This transparency report for Welfare Pride 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.