Wesley Retirement Services Inc

Analysis

Wesley Retirement Services Inc is a registered charity in United States, based in Johnston, IA. It received its IRS tax-exemption ruling in June 1950, 76 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Wesley Retirement Services Inc reported income of $104.1m and spending of $102.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $92.1m to $104.1m (+13%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley Retirement Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Samaritas ($104.0m), Regional Food Bank of N E Ny Inc ($104.2m) and Center for Family Services Inc ($103.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.2m (1.2% of expenses). Other salaries and wages came to $48.0m. At year end it held assets of $306.6m against liabilities of $284.7m, net assets of $21.9m. It reported 2,425 employees.