Wesley Towers Foundation

Analysis

Wesley Towers Foundation is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Towers Foundation reported income of $379k and spending of $1.8m, spending 483% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $814k to $379k (-53%), an average of -22% a year. The sharpest change came in the year to June 2020, when income dropped by 50%. Over the whole period it spent 234% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wesley Towers Foundation 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 66th percentile, and in the 66th percentile within KS. Charities of a similar size with the same main cause include Rotary Club of Santa Cruz Sunrise Foundation Inc ($379k), Dewville Social Club ($380k) and Christian Community Development Fund Inc ($379k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $8.5m against liabilities of $1.5m, net assets of $7.0m.

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.