Wesley House Community Center Inc

Analysis

Wesley House Community Center Inc is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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 House Community Center Inc reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $896k to $1.8m (+102%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley House Community Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include National Society to Prevent Blindness ($1.8m), Hope Center Inc ($1.8m) and Boy Scouts of America ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $68k (3.6% of expenses). Other salaries and wages came to $592k. At year end it held assets of $1.3m against liabilities of $187k, net assets of $1.1m. It reported 28 employees.