Wesley Acres Inc

Analysis

Wesley Acres Inc is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in November 1966, 60 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 December 2023, Wesley Acres Inc reported income of $446k and spending of $549k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $446k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Acres Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within SD. Charities of a similar size with the same main cause include Greene County Retirement System Inc ($446k), Oregon Library Association Inc ($446k) and His High Places Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $140k (25% of expenses). At year end it held assets of $480k against liabilities of $14k, net assets of $466k. It reported 3 employees.