Wellmont Wexford House

Analysis

Wellmont Wexford House is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2023, Wellmont Wexford House reported income of $9.2m and spending of $13.1m, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.9m to $9.2m (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellmont Wexford House sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Minnesota River Area Agency on Aging Inc ($9.1m), Santa Maria El Mirador ($9.2m) and Childrens Home Foundation ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $192k (1.5% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $12.0m against liabilities of $1.5m, net assets of $10.5m. It reported 159 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.