Wesley Gardens Retirement Community Inc

Analysis

Wesley Gardens Retirement Community Inc is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in June 2016, 10 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 2023, Wesley Gardens Retirement Community Inc reported income of $2.8m and spending of $3.4m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.8m (-4.7%), an average of -1.2% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Gardens Retirement Community Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include The Farmers House Inc ($2.8m), Sophia Snow House Inc ($2.8m) and Community Loan Fund of the Capital Region Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $8.0m against liabilities of $4.1m, net assets of $3.9m. It reported 85 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.