Womens Impact Fund

Analysis

Womens Impact Fund is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Womens Impact Fund reported income of $694k and spending of $798k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $693k to $694k (+0.2%), an average of +0.0% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Womens Impact Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Lighthouse Family Network Inc ($694k), Promise Neighborhood of Central Minnesota ($694k) and Harmony Outreach Inc ($694k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $99k (12% of expenses). Other salaries and wages came to $40k. At year end it held assets of $483k against liabilities of $0, net assets of $483k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.