Womans Club of Erie Inc

Analysis

Womans Club of Erie Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in March 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Womans Club of Erie Inc reported income of $308k and spending of $50k, leaving 84% of income unspent that year. Across the 6 years on record, from May 2018 to May 2024, income grew from $93k to $308k (+231%), an average of +27% a year. The sharpest change came in the year to May 2020, when income rose by 134%. Over the whole period it spent 29% 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 Erie Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Entrepreneurial and Education Center Inc ($308k), T R Hoover Community Development Corporation Inc ($308k) and West Kortright Centre Inc ($308k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 91% and program service revenue 6.6% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.