Wesleyan Covenant Association Group 6328

Analysis

Wesleyan Covenant Association Group 6328 is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in May 2018, 8 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 June 2023, Wesleyan Covenant Association Group 6328 reported income of $343k and spending of $247k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $336k to $343k (+2.1%), an average of +2.1% a year. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wesleyan Covenant Association Group 6328 sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Amateur Athletic Union of the United States Inc ($343k), Skyline Literacy ($343k) and Sewanee Childrens Center ($343k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (29% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.