Wesley Developments

Analysis

Wesley Developments is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1985, 41 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 June 2023, Wesley Developments reported income of $173k and spending of $168k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $173k (-93%), an average of -49% a year. The sharpest change came in the year to June 2022, when income rose by 2466%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wesley Developments sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Senior Residence at Kapolei 2 Inc ($173k), St Francis Home ($173k) and Gary Greene Realtors Foundation ($173k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $279k against liabilities of $108k, net assets of $171k.