Womens Development Corporation

Analysis

Womens Development Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 December 2023, Womens Development Corporation reported income of $3.0m and spending of $2.0m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $713k to $3.0m (+317%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Womens Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within RI. Charities of a similar size with the same main cause include Compassion Ministries ($3.0m), Lighted Way Association Inc ($3.0m) and YWCA of Glendale and Pasadena ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Other salaries and wages came to $519k. At year end it held assets of $8.5m against liabilities of $1.8m, net assets of $6.8m.