Wesley Rankin Community Center Inc

Analysis

Wesley Rankin Community Center Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Rankin Community Center Inc reported income of $2.0m and spending of $1.6m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $992k to $2.0m (+104%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley Rankin Community Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Casa de Misericordia ($2.0m), American Association of Family and Consumer Sciences ($2.0m) and Summit Health & Management Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (7.1% of expenses). Other salaries and wages came to $860k. At year end it held assets of $3.9m against liabilities of $47k, net assets of $3.8m. It reported 37 employees.