Wesley at Texas Tech Inc

Analysis

Wesley at Texas Tech Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 at Texas Tech Inc reported income of $524k and spending of $539k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $617k to $524k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wesley at Texas Tech Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Hidden with Christ Ministries ($524k), Captive Hearts Ministries ($524k) and Serenissima Ministry Groupinternational ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $124k (23% of expenses). Other salaries and wages came to $189k. At year end it held assets of $827k against liabilities of $16k, net assets of $811k. It reported 10 employees.