Wesley Child Care Center Inc

Analysis

Wesley Child Care Center Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in November 1972, 54 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wesley Child Care Center Inc reported income of $754k and spending of $688k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $649k to $754k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Child Care Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Vilaseca Josephine Center Inc ($754k), Karis Community ($754k) and Maryland Music Educators Assoc Inc ($754k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $175k (25% of expenses). Other salaries and wages came to $242k. At year end it held assets of $209k against liabilities of $32k, net assets of $177k. It reported 11 employees.