Womens Center for Entrepreneurship Corp

Analysis

Womens Center for Entrepreneurship Corp is a registered charity in United States, based in Chatham, NJ. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, Womens Center for Entrepreneurship Corp reported income of $573k and spending of $560k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $265k to $573k (+116%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womens Center for Entrepreneurship Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Onewest Corporation ($572k), West Penn Power Sustainable Energy Fund ($573k) and Kigali Center for Entrepreneurs ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $80k (14% of expenses). Other salaries and wages came to $240k. It paid $2,700 in professional fundraising fees. At year end it held assets of $374k against liabilities of $66k, net assets of $307k. It reported 8 employees.