Womans Club of Morristown

Analysis

Womans Club of Morristown is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 April 2023, Womans Club of Morristown reported income of $126k and spending of $85k, leaving 32% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income fell from $237k to $126k (-47%), an average of -19% a year. The sharpest change came in the year to April 2021, when income dropped by 26%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womans Club of Morristown sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Twiga Foundation Inc ($126k), Community Growth Foundation ($126k) and Center for Community Transformation Inc ($126k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 15% and program service revenue 66% of the total. Other salaries and wages came to $835. At year end it held assets of $1.7m against liabilities of $26k, net assets of $1.7m. It reported 1 employees.