Wesley Village Retirement Home Inc

Analysis

Wesley Village Retirement Home Inc is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Wesley Village Retirement Home Inc reported income of $2.0m and spending of $2.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesley Village Retirement Home Inc sits at the 85th percentile: it is larger than about 85% 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 Dawson College Foundation ($2.0m), Staunton-Augusta County First Aid and Rescue Squad Inc ($2.0m) and New York State Association of School Business Officials ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $119k, net assets of $1.2m. It reported 66 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.