Wesley Senior Ministries Inc

Analysis

Wesley Senior Ministries Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in December 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 June 2023, Wesley Senior Ministries Inc reported income of $149k and spending of $139k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $731k to $149k (-80%), an average of -33% a year. The sharpest change came in the year to June 2020, when income dropped by 82%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Senior Ministries Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Coolidge Apartments Corporation ($149k), Cumberland Homes for Elderly Inc ($149k) and C R Project ($149k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 84% of the total. Other salaries and wages came to $62k. At year end it held assets of $585k against liabilities of $5,010, net assets of $580k.