Wesley House Inc

Analysis

Wesley House Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wesley House Inc reported income of $75k and spending of $113k, spending 151% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $358k to $75k (-79%), an average of -54% a year. The sharpest change came in the year to June 2022, when income dropped by 79%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley House Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within CO. Charities of a similar size with the same main cause include Ferriday Haven Inc ($75k), Associates Supported Housing ($75k) and Fairview Terrace Apartments Inc ($75k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $390k against liabilities of $258k, net assets of $132k.