Wesley Stage Park Inc

Analysis

Wesley Stage Park 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 Stage Park Inc reported income of $522k and spending of $646k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $522k (+16%), an average of +3.9% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Stage Park Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Next Chapter Foundation ($522k), Reclaiming Our Greatness ($522k) and Teamster Retiree Housing of Minneapolis Incorporated ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $89k. At year end it held assets of $2.3m against liabilities of $3.9m, net assets of -$1.6m.

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.