Wesley House Community Center

Analysis

Wesley House Community Center is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1978, 48 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 July 2023, Wesley House Community Center reported income of $2.3m and spending of $996k, leaving 58% of income unspent that year. Across the 6 years on record, from June 2019 to July 2023, income grew from $710k to $2.3m (+230%), an average of +27% a year. The sharpest change came in the year to July 2022, when income rose by 1686%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley House Community Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Shelter Inc ($2.3m), Acacia Real Estate Development Inc ($2.3m) and Riverside Presbyterian House Inc ($2.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 92% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $72k (7.2% of expenses). Other salaries and wages came to $427k. At year end it held assets of $2.7m against liabilities of $52k, net assets of $2.6m. It reported 39 employees.