Wesley Homes

Analysis

Wesley Homes is a registered charity in United States, based in Des Moines, WA. It received its IRS tax-exemption ruling in August 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 reported income of $64.7m and spending of $75.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.4m to $64.7m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wesley Homes sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include North Hudson Community Action Corporation ($64.5m), Feeding America Riverside and San Bernardino Counties ($64.8m) and Lutheran Community Services Northwest ($64.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.4m (1.8% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $359.7m against liabilities of $365.9m, net assets of -$6.2m. It reported 440 employees.