Wesleyan Homes II of Troy Inc

Analysis

Wesleyan Homes II of Troy Inc is a registered charity in United States, based in Troy, NC. It received its IRS tax-exemption ruling in November 1993, 33 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 December 2023, Wesleyan Homes II of Troy Inc reported income of $230k and spending of $161k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $230k (+17%), an average of +4.0% a year. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesleyan Homes II of Troy Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Circle of Friends Inc ($230k), Serenity Transformation Home I Inc ($230k) and Friendship Circle of the West Coast ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. At year end it held assets of $490k against liabilities of $798k, net assets of -$307k.