Wesley Ridge Residence Corporation

Analysis

Wesley Ridge Residence Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Ridge Residence Corporation reported income of $8.7m and spending of $13.1m, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $8.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wesley Ridge Residence Corporation 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 OH. Charities of a similar size with the same main cause include United Cerebral Palsy Association of Orange County Inc ($8.7m), Centro de Ayuda Y Terapia Al Nino Con Impedimento Inc ($8.7m) and Cardea Services ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $65.8m against liabilities of $54.5m, net assets of $11.3m.

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.