Wesley at Graceland Inc

Analysis

Wesley at Graceland Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in May 1990, 36 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 December 2023, Wesley at Graceland Inc reported income of $211k and spending of $133k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $317k to $211k (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley at Graceland Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Glendale Housing Corporation ($211k), Senior Citizens Housing Development Corporation of Sullivan County Inc ($211k) and Villa Del Sol Senior Housing Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 20% of the total. At year end it held assets of $7.2m against liabilities of $866k, net assets of $6.3m.