Wesleyan Homes Foundation

Analysis

Wesleyan Homes Foundation is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wesleyan Homes Foundation reported income of $3.3m and spending of $287k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.3m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 19% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesleyan Homes Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Agriculture and Land Based Training Association ($3.3m), Mi Centro ($3.3m) and Food Bank of Eastern New Mexico Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $40k. At year end it held assets of $16.1m against liabilities of $2.8m, net assets of $13.3m.