Womens Enterprise Development Center Inc

Analysis

Womens Enterprise Development Center Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Enterprise Development Center Inc reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $826k to $1.5m (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womens Enterprise Development Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Alleghenies Broadband Incorporated ($1.5m), Alpha Productions Technologies Inc ($1.5m) and New Majority Capital Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $136k (8.6% of expenses). Other salaries and wages came to $668k. At year end it held assets of $1.8m against liabilities of $336k, net assets of $1.5m. It reported 14 employees.