Wexco Senior Services Inc

Analysis

Wexco Senior Services Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 2003, 23 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, Wexco Senior Services Inc reported income of $10.7m and spending of $7.4m, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.7m to $10.7m (+188%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wexco Senior Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Options Recovery Services ($10.7m), Northwest Essex Community Healthcare Network Inc ($10.7m) and Childrens Dental Services Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $189k (2.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $21.4m against liabilities of $24.6m, net assets of -$3.1m. It reported 432 employees.