Wesley Woods of Newnan-Peachtree City Inc

Analysis

Wesley Woods of Newnan-Peachtree City Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Wesley Woods of Newnan-Peachtree City Inc reported income of $10.5m and spending of $10.6m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.6m to $10.5m (+23%), an average of +5.2% a year. The sharpest change came in the year to August 2023, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley Woods of Newnan-Peachtree City Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Food Bank of Northeast Louisiana Inc ($10.5m), Pathways for Children Inc ($10.5m) and Licking County Family YMCA ($10.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $145k (1.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $27.7m against liabilities of $36.8m, net assets of -$9.1m. It reported 121 employees.

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.