Wesley Agape House Inc

Analysis

Wesley Agape House Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1993, 33 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, Wesley Agape House Inc reported income of $135k and spending of $163k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $135k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Agape House Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Shiocton Summer Sports Inc ($135k), Keren Chesed Asher Yaakow ($135k) and Virginia Community Day Care Center Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $14k. At year end it held assets of $931k against liabilities of $1.2m, net assets of -$247k.

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.