Wesley Willows

Analysis

Wesley Willows is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in September 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wesley Willows reported income of $9.1m and spending of $7.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.3m to $9.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Willows sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Western Community Housing Inc ($9.1m), Initiative for a Competitive Inner City Inc ($9.1m) and National Affordable Housing Trust Inc ($9.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $948k (13% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $47.1m against liabilities of $2.1m, net assets of $45.0m. It reported 299 employees.