Wesley at Murray Inc

Analysis

Wesley at Murray Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in February 2002, 24 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 at Murray Inc reported income of $312k and spending of $286k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $312k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley at Murray Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include TG 301 Inc ($312k), Stovall Villa Inc ($312k) and Home 2 Home Project ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 34% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$438k.