Wesley Homes Foundation a Supporting Organization

Analysis

Wesley Homes Foundation a Supporting Organization is a registered charity in United States, based in Des Moines, WA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation a Supporting Organization reported income of $6.5m and spending of $3.3m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $6.5m (+306%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 198%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wesley Homes Foundation a Supporting Organization sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Crayons and Beyond Inc ($6.5m), Healthy Futures of Texas ($6.5m) and Kennesaw State University Athletic Association Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $249k (7.5% of expenses). Other salaries and wages came to $375k. At year end it held assets of $19.2m against liabilities of $693k, net assets of $18.5m. It reported 6 employees.