Wesley Homes Lake County Inc

Analysis

Wesley Homes Lake County Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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, Wesley Homes Lake County Inc reported income of $540k and spending of $508k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $540k (+11%), an average of +2.7% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Homes Lake County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include St Patricks Housing Corporation II ($540k), Child Evangelism Fellowship Inc ($540k) and Trinity Hill Child Care Center Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $54k. At year end it held assets of $611k against liabilities of $596k, net assets of $15k.