Wesley Center Inc

Analysis

Wesley Center Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wesley Center Inc reported income of $676k and spending of $772k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $604k to $676k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NE. Charities of a similar size with the same main cause include Hope Mission Foundation ($676k), Ready for Good Co ($676k) and Portland Pay It Forward ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $66k (8.6% of expenses). Other salaries and wages came to $514k. At year end it held assets of $287k against liabilities of $1,621, net assets of $286k. It reported 32 employees.