Wesley Day Care Center Inc

Analysis

Wesley Day Care Center Inc is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in July 1973, 53 years ago. 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 August 2023, Wesley Day Care Center Inc reported income of $4.3m and spending of $3.1m, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.3m to $4.3m (+28%), an average of +6.4% a year. The sharpest change came in the year to August 2021, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Day Care Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Womanspace Inc ($4.3m), Childrens Center ($4.3m) and Pasco Hernando State College Foundation Inc ($4.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $357k (11% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.6m against liabilities of $600k, net assets of $4.0m. It reported 108 employees.