Wesley Hills-Dyersburg Inc

Analysis

Wesley Hills-Dyersburg Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Hills-Dyersburg Inc reported income of $229k and spending of $242k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $229k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Hills-Dyersburg Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Worcester East Side Community Development Corporation ($229k), Eastwick Section 811 Housing Corporation ($229k) and Livonia Housing Development Fund Co Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $39k. At year end it held assets of $757k against liabilities of $1.3m, net assets of -$577k.

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.