Wesley Acres a Methodist Home for the Aging Inc

Analysis

Wesley Acres a Methodist Home for the Aging Inc is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in April 1981, 45 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 Acres a Methodist Home for the Aging Inc reported income of $845k and spending of $711k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $813k to $845k (+3.9%), an average of +1.0% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Acres a Methodist Home for the Aging Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within AL. Charities of a similar size with the same main cause include Eagle Village Inc ($844k), Shared Housing Center Inc ($845k) and Villa Mechelangelo Inc ($844k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $114k. At year end it held assets of $1.8m against liabilities of $2.3m, net assets of -$512k. It reported 8 employees.