Wesleylife

Analysis

Wesleylife is a registered charity in United States, based in Johnston, IA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Wesleylife reported income of $9.0m and spending of $12.3m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $9.0m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wesleylife sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Windhorse Integrative Mental Health Inc ($9.0m), Corewell Health ($9.0m) and Kensington Hospital ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $141k (1.1% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $14.4m against liabilities of $25.4m, net assets of -$11.0m. It reported 2,425 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.