Womens Microfinance Initiative Corporation

Analysis

Womens Microfinance Initiative Corporation is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Womens Microfinance Initiative Corporation reported income of $354k and spending of $423k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $354k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Womens Microfinance Initiative Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Rein Foundation Inc ($354k), Mary Bradley Corporation ($354k) and The Better Life Foundation Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $264k against liabilities of $916, net assets of $263k.