Womanspace Inc

Analysis

Womanspace Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in April 1980, 46 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 June 2023, Womanspace Inc reported income of $4.3m and spending of $4.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.3m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Womanspace Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Pasco Hernando State College Foundation Inc ($4.3m), Wesley Day Care Center Inc ($4.3m) and Fisher-Titus Affiliated Services ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $266k (6.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $7.3m against liabilities of $232k, net assets of $7.1m. It reported 69 employees.