Wesley at Millington Inc

Analysis

Wesley at Millington Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in May 1991, 35 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 June 2023, Wesley at Millington Inc reported income of $675k and spending of $814k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $518k to $675k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley at Millington Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Community Solutions of Eastern Iowa ($674k), Deborahs Place Inc ($675k) and Guide Dogs of Hawaii Adaptive AIDS Canines & Advocacy for the Blind ($674k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Other salaries and wages came to $115k. At year end it held assets of $1.7m against liabilities of $3.7m, net assets of -$2.0m.

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.