Wesleyan Foundation for Health and Aging Inc

Analysis

Wesleyan Foundation for Health and Aging Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in June 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Wesleyan Foundation for Health and Aging Inc reported income of $3.3m and spending of $39k, leaving 99% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $3.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2022, when income rose by 55%. Over the whole period it spent 10% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesleyan Foundation for Health and Aging Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Neighborhood Center of West Volusia Inc ($3.3m), Meals on Wheels of Greenville Inc ($3.3m) and First Baptist Church of Clarendon Child Development Center ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $31.6m against liabilities of $7.6m, net assets of $23.9m.