Meadows of Wesley Village

Analysis

Meadows of Wesley Village is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in April 1999, 27 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, Meadows of Wesley Village reported income of $246k and spending of $335k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $246k (+7.5%), an average of +1.8% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadows of Wesley Village sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include New Sunrise Properties Inc ($246k), Carrington Arms Housing Development Fund Co Inc ($246k) and Jesus Community Center Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.3m against liabilities of $43k, net assets of $1.3m. It reported 1 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.