Wesley Homes Inc

Analysis

Wesley Homes Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1961, 65 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Wesley Homes Inc reported income of $14.2m and spending of $14.4m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.7m to $14.2m (+4.0%), an average of +1.0% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Homes Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Faith Mission Inc ($14.2m), One-Eighty Place ($14.2m) and Agape Maya Inc ($14.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.9% and program service revenue 89% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $19.8m against liabilities of $12.0m, net assets of $7.9m. It reported 99 employees.