Welcome Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 213,602 | 185,741 | 27,861 | 7.9 | 49% |
| 2012 | 182,359 | 222,560 | −40,201 | 4.4 | 50% |
| 2013 | 177,752 | 178,951 | −1,199 | 5.3 | — |
| 2014 | 185,635 | 181,961 | 3,674 | 5.4 | — |
| 2015 | 193,175 | 185,888 | 7,287 | 5.8 | — |
| 2017 | 208,414 | 148,471 | 59,943 | 9.3 | 63% |
| 2019 | 323,994 | 319,923 | 4,071 | 7.5 | 66% |
| 2020 | 484,933 | 466,050 | 18,883 | 5.6 | 51% |
| 2021 | 989,200 | 684,250 | 304,950 | 9.1 | 34% |
| 2022 | 966,254 | 685,809 | 280,445 | 14.0 | 44% |
| 2023 | 644,402 | 934,332 | −289,930 | 6.6 | 36% |
In its most recent public year (2023), this organization spent $289,930 more than it brought in. Its reserves stood at about 6.6 months of spending, down from 7.9 in 2011. Staff pay was 36% of spending. $153,175 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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