WELCH CENTER INC

DULUTH, MN, 55816-0186 (218) 628-4896 EIN 41-0850223

O20Z - Youth Development 990 - Public charity return 501(c)(3)

Mission

TO PROVIDE YOUTH RECREATION AND EDUCATION PROGRAMS WITH THE INTENT TO HAVE POSITIVE EXPERIENCES AND MEET FRIENDS WITH THE INTENT OF DETERING BAD BEHAVIOR.

Financials

Total Revenue

$370,774

Total Expenses

$420,567

Net Assets

$354,260

10 employees

From latest filing (tax period ending 2023-12-31)

Financial Health

Operating Reserve

10.1 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 23.5%

Expenses ↑ 6.8%

Revenue Sources

Contributions 83.5% Investment 0.2% Other 16.0%

Expense Breakdown

Program 77.8% Management 19.4% Fundraising 2.8%

Officers & Key Employees (15)

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Grants Received (18)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$370,774 ↓	$420,567	$354,260
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$484,680 ↑	$393,776	$404,053
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$366,345 ↑	$350,639	$313,149
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$294,539 ↓	$284,517	$297,443
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$507,271	$471,537	$336,899