Wesley House Family Services Inc

Analysis

Wesley House Family Services Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in December 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Wesley House Family Services Inc reported income of $8.2m and spending of $6.9m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.7m to $8.2m (-6.2%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley House Family Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Rhode Island Parent Information Network Inc ($8.2m), Reach Counseling Services ($8.2m) and Grey Bears ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $392k (5.7% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $13.6m against liabilities of $595k, net assets of $13.0m. It reported 90 employees.