Womens Fund of Western Massachusetts

Analysis

Womens Fund of Western Massachusetts is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Womens Fund of Western Massachusetts reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $829k to $1.5m (+78%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Womens Fund of Western Massachusetts sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Lafayette Parish Council on Aging Inc ($1.5m), Children & Charity International ($1.5m) and Cultivate Kansas City Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $131k (9.3% of expenses). Other salaries and wages came to $280k. At year end it held assets of $3.3m against liabilities of $37k, net assets of $3.3m. It reported 8 employees.