Wesley Shelter Inc

Analysis

Wesley Shelter Inc is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Shelter Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $965k to $1.2m (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley Shelter Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Elka Child Educational Center Inc ($1.2m), Kanawha Pastoral Counseling Center Inc ($1.2m) and Alternatives to Violence of the Palouse Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 1.0% of the total. Other salaries and wages came to $600k. At year end it held assets of $828k against liabilities of $2,065, net assets of $826k. It reported 35 employees.