Wesley-Asbury Inc

Analysis

Wesley-Asbury Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wesley-Asbury Inc reported income of $758k and spending of $1.1m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $862k to $758k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley-Asbury Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Abigails Place ($758k), Abilene Hope Haven Inc ($758k) and Creek Nation Indian Village Corp ($758k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $389k. At year end it held assets of $409k against liabilities of $1.6m, net assets of -$1.2m.

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.