Amarillo Wesley Community Center Inc

Analysis

Amarillo Wesley Community Center Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in August 1972, 54 years ago. 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, Amarillo Wesley Community Center Inc reported income of $2.0m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amarillo Wesley Community Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Lima Memorial Foundation ($2.0m), Association for the Advancement of Mental Health ($2.0m) and Solve Me CFS Initiative Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $3.9m against liabilities of $117k, net assets of $3.8m. It reported 71 employees.