Women Networking in Electronic Transactions

Analysis

Women Networking in Electronic Transactions is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in May 2006, 20 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, Women Networking in Electronic Transactions reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $1.3m (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Women Networking in Electronic Transactions sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Myrtle Avenue Brooklyn District Management Association Inc ($1.3m), Plumbers Local 24 Education Fund ($1.3m) and Northeast South Dakota Economic Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $188k (16% of expenses). Other salaries and wages came to $349k. At year end it held assets of $639k against liabilities of $114k, net assets of $525k. It reported 5 employees.