Wesley at Jonesboro Inc

Analysis

Wesley at Jonesboro Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Wesley at Jonesboro Inc reported income of $386k and spending of $414k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $386k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wesley at Jonesboro Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within TN. Charities of a similar size with the same main cause include San Mateo High School Foundation ($386k), Friends of the Castle ($386k) and Village Association ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $109k. At year end it held assets of $1.1m against liabilities of $2.0m, net assets of -$855k.

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.