Wesleyan Homes of Troy Inc

Analysis

Wesleyan Homes of Troy Inc is a registered charity in United States, based in Troy, NC. It received its IRS tax-exemption ruling in September 1983, 43 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 of Troy Inc reported income of $389k and spending of $320k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $389k (+18%), an average of +4.3% a year. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesleyan Homes of Troy Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Climbing Tree Child Care and Family Education Center Inc ($389k), The Vine Early Learning Inc ($389k) and Operation Tboc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $2.3m against liabilities of $2.4m, net assets of -$93k.