The Wesley Foundation Inc

Analysis

The Wesley Foundation Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Wesley Foundation Inc reported income of $736k and spending of $903k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.3m to $736k (-42%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Wesley Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Saint John of the Cross Teacher Recognition Trust ($736k), Swedemom Center of Giving ($736k) and MCF Gift Fund Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $5.5m against liabilities of $164k, net assets of $5.3m.