Wesley at Adamsville Inc

Analysis

Wesley at Adamsville Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in January 1993, 33 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 at Adamsville Inc reported income of $259k and spending of $287k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $217k to $259k (+20%), an average of +4.6% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley at Adamsville Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Pathway Home of South Central Wisconsin Inc ($259k), Gp-Todco a California Nonprofit Corporation ($259k) and Naatsiilid Initiative ($259k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $53k. At year end it held assets of $624k against liabilities of $1.3m, net assets of -$678k.

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.