Wesley Apartments-A Methodist Home for the Aging Inc

Analysis

Wesley Apartments-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 September 1983, 43 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 Apartments-A Methodist Home for the Aging Inc reported income of $788k and spending of $707k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $738k to $788k (+6.9%), an average of +1.7% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Apartments-A Methodist Home for the Aging Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Peter Maurin House Inc Dba Hope House ($788k), Hylton Point Apartments Inc ($788k) and Coastal Housing Corporation ($787k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $101k. At year end it held assets of $1.7m against liabilities of $3.0m, net assets of -$1.3m. It reported 4 employees.