Wesley House Student Residence Inc

Analysis

Wesley House Student Residence Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2016, 10 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 House Student Residence Inc reported income of $499k and spending of $495k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $499k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley House Student Residence Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Concord Residential Club Inc ($499k), El Cemi Housing Development Fund Co Inc ($499k) and Latin American Educational Foundation ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $160k (32% of expenses). Other salaries and wages came to $92k. At year end it held assets of $2.2m against liabilities of $1.0m, net assets of $1.2m. It reported 4 employees.