Wesley Health Care Center Inc

Analysis

Wesley Health Care Center Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wesley Health Care Center Inc reported income of $36.3m and spending of $39.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $38.0m to $36.3m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wesley Health Care Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Planned Parenthood of Wisconsn Inc ($36.3m), Houston Area Community Services Inc ($36.4m) and Lutheran Homes of Michigan Inc ($36.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $345k (0.9% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $24.0m against liabilities of $17.4m, net assets of $6.6m. It reported 550 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.