Wesley at Milan Inc

Analysis

Wesley at Milan Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in March 1997, 29 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 December 2023, Wesley at Milan Inc reported income of $768k and spending of $1.3m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $768k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 147% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley at Milan Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Knight-Swift Charitable Foundation ($767k), Wyandot County Agricultural Society Inc ($768k) and Asbury Day Care Center Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $436k. At year end it held assets of $1.2m against liabilities of $2.7m, net assets of -$1.4m.

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.