Wesley Towers Inc

Analysis

Wesley Towers Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in July 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Wesley Towers Inc reported income of $9.4m and spending of $12.1m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.0m to $9.4m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley Towers Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include Alivia Care Inc ($9.4m), Harmony Health Medical Clinic and Family Resource Center ($9.4m) and Jewish Community Centers of Denver ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $186k (1.5% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $24.5m against liabilities of $19.0m, net assets of $5.4m. It reported 250 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.