Wesleyan Youth Inc

Analysis

Wesleyan Youth Inc is a registered charity in United States, based in McAlester, OK. It received its IRS tax-exemption ruling in March 1956, 70 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Wesleyan Youth Inc reported income of $1.0m and spending of $1.2m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $773k to $1.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesleyan Youth Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Friends of Ethiopian Jews Inc ($1.0m), Family Connection of Columbia County Inc ($1.0m) and Pati Ministries Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $170k against liabilities of $86k, net assets of $84k. It reported 12 employees.

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.