Wesley Group Home 1 Inc

Analysis

Wesley Group Home 1 Inc is a registered charity in United States, based in Ocean Springs, MS. It received its IRS tax-exemption ruling in July 2020, 6 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 (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 Group Home 1 Inc reported income of $105k and spending of $117k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $105k (+0.2%), an average of +0.2% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Group Home 1 Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within MS. Charities of a similar size with the same main cause include Options Properties Inc ($105k), Oscar Housing Foundation ($105k) and Mihalics Project ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $237k against liabilities of $348k, net assets of -$111k.