Wes Corporation

Analysis

Wes Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2023, Wes Corporation reported income of $574k and spending of $881k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $928k to $574k (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 54%. Over the whole period it spent 120% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wes Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Friends of Ivanhoe School ($573k), Cottage Grove Community Foundation ($574k) and Philanthropy Delaware Inc ($573k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 34% of the total. Other salaries and wages came to $375k. At year end it held assets of $10.0m against liabilities of $17.4m, net assets of -$7.4m. It reported 11 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.