Wesley Village Inc

Analysis

Wesley Village Inc is a registered charity in United States, based in Macomb, IL. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wesley Village Inc reported income of $11.6m and spending of $10.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $11.6m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Village Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include American Academy of Child & Adoles ($11.6m), Educare Foundation ($11.6m) and Guide Dog Foundation for the Blind Inc ($11.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $220k (2.1% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $11.8m against liabilities of $7.3m, net assets of $4.5m. It reported 211 employees.