Wesley Putnam Ministries

Analysis

Wesley Putnam Ministries is a registered charity in United States, based in Decatur, TX. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 May 2024, Wesley Putnam Ministries reported income of $193k and spending of $311k, spending 161% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $255k to $193k (-25%), an average of -5.5% a year. The sharpest change came in the year to May 2022, when income rose by 112%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wesley Putnam Ministries sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Bnei Melachim Inc ($193k), Cool Kids Ministries Inc ($193k) and Hope for Brazil Ministries Inc ($193k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $244k (79% of expenses). At year end it held assets of $244k against liabilities of $17k, net assets of $227k. It reported 2 employees.