Overview
What is Welfare Research Inc?
Welfare Research Inc, with its operational base at 14 Columbia Circle Suite 104, Albany, New York 12203, is a nonprofit organization that specializes in conducting research in the field of human services. Their mission is to offer research and technical assistance, aiming to strengthen the capacity of organizations and staff within the human services, health, and educational sectors. Operating under the business name WRI Solutions, they employ a team of 47 individuals, dedicated to their mission. While their primary focus is on research, they may also engage in projects related to their areas of expertise.
Official website here: www.wrisolutions.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Welfare Research Inc has received an 81% score from Charity Navigator, indicating a strong commitment to accountability and finance. The charity's high score in this category reflects its excellent governance practices, including a fully independent board of directors and robust financial oversight mechanisms. The organization adheres to policies for conflict of interest, document retention, and whistleblower protections, which contribute to its positive evaluation.
One of the standout strengths of Welfare Research Inc is its program expense ratio, which is exceptionally high at 98.69%. This suggests that the majority of its expenditures are directed towards its programs rather than administrative costs. Such efficiency in fund allocation is a positive sign for potential donors looking for impactful giving opportunities.
However, a noteworthy limitation is the organization's liabilities to assets ratio, which stands at 108.96%. This indicates that the charity has more liabilities than assets, potentially raising concerns about financial stability. While the charity excels in many governance aspects, addressing its financial leverage could be crucial for ensuring long-term sustainability and trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Welfare Research Inc legitimate?
Welfare Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Welfare Research Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $362,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,712,682
For more financial information, click here
Official website here: www.wrisolutions.org
What is the mission statement of Welfare Research Inc?
Welfare Research Inc's mission is centered around providing research and technical assistance to enhance the capacity of organizations and staff in the human services, healthcare, and educational sectors. Their primary objective is to help these sectors operate more effectively. The organization carries out studies, projects, and other related research in the field of human services to achieve this goal. In simpler terms, Welfare Research Inc strives to improve the capabilities of organizations serving vulnerable populations, ultimately aiming to create a more robust and supportive environment for these communities.
Official website here: www.wrisolutions.org
Who is the CEO of Welfare Research Inc?
Darlene Ward is the Director of Welfare Research Inc.
Official website here: www.wrisolutions.org
What is the revenue of Welfare Research Inc?
Welfare Research Inc's revenue in 2022 was $10,254,599.
Official website here: www.wrisolutions.org
Who are the executives of Welfare Research Inc and what are their salaries?
The average compensation at Welfare Research Inc during 2022 was $44,143. There are 47 employees at Welfare Research Inc.
Here are 14 key members and their salaries:
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- Compensation: $106,154
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- Other: $27,434
- Compensation: $146,782
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- Other: $18,935
Official website here: www.wrisolutions.org
Where can I find the form 990 for Welfare Research Inc?
Welfare Research Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wrisolutions.org
Learn more at the official website: www.wrisolutions.org
Mission Statement of Welfare Research Inc
Welfare Research Inc, a renowned organization, is committed to providing research and technical assistance with the primary goal of enhancing the capacity of organizations and staff within the human services, health, and educational sectors. Their mission is to contribute to the betterment of these sectors by offering studies, projects, and other related research. By doing so, Welfare Research Inc aims to support these sectors in improving their efficiency and effectiveness, ultimately benefiting the individuals they serve.
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Impact
October, 2024
Welfare Research Inc plays a crucial role in enhancing the effectiveness of human services, health, and educational sectors through its focus on research and technical assistance. By conducting studies, projects, and related research, the organization provides valuable insights and data that help organizations improve their programs and services. Located in Albany, NY, Welfare Research Inc is dedicated to building the capacity of staff and organizations, ensuring they are better equipped to meet the needs of the communities they serve. Its mission is centered on fostering a deeper understanding of human services, ultimately leading to improved outcomes for individuals and families in need. Through its initiatives, the organization contributes to the broader goal of enhancing the quality and efficacy of support systems in critical areas of society.
This information is meant to be a general summary of Welfare Research Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,593
- Gross Receipts: $10,254,599
Assets and Liabilities:
- Total Assets: $3,748,246
- Total Liabilities: $3,986,749
- Net Assets: -$238,503
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Organization Details
Founding Year
1967
Phone
(518) 713-4726Principal Officer
Darlene Ward
Main Address
14 COLUMBIA CIRCLE SUITE 104, ALBANY, NY, 12203
Website
www.wrisolutions.orgNTEE Category
Code: P05 - Human services
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