Wesley Foundation

Analysis

Wesley Foundation is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending May 2023, Wesley Foundation reported income of $216k and spending of $273k, spending 126% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $299k to $216k (-28%), an average of -7.9% a year. The sharpest change came in the year to May 2022, when income rose by 39%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Junior Auxillary of Jonesboro Arkansas Inc ($215k), Charles L Franklin Trust ($216k) and Progress Apartments Inc ($215k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. At year end it held assets of $712k against liabilities of $24k, net assets of $689k. It reported 5 employees.