Wesley Manor Retirement Community Inc

Analysis

Wesley Manor Retirement Community Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 1971, 55 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 Manor Retirement Community Inc reported income of $12.5m and spending of $10.7m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.7m to $12.5m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Manor Retirement Community Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Western Home Services Inc ($12.5m), Jewish Home Life Communities Inc ($12.5m) and Crispus Attucks Association of York Pennsylvania ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $344k (3.2% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $11.7m against liabilities of $9.3m, net assets of $2.4m. It reported 199 employees.