Wesley Homes Pierce County

Analysis

Wesley Homes Pierce County is a registered charity in United States, based in Des Moines, WA. It received its IRS tax-exemption ruling in February 2019, 7 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 (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 Homes Pierce County reported income of $9.9m and spending of $14.5m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $9.9m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 3227%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Homes Pierce County sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include PHM New Richmond Senior Housing Inc ($9.8m), The Boulevard of Chicago Inc ($9.9m) and People Working Cooperatively Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 89% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $96.4m against liabilities of $100.6m, net assets of -$4.2m. It reported 49 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.