Womanspace Inc

Analysis

Womanspace Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Womanspace Inc reported income of $328k and spending of $364k, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $400k to $328k (-18%), an average of -4.8% a year. The sharpest change came in the year to August 2020, when income dropped by 19%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Womanspace Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Rho Omega and Friends Inc ($328k), Kearney Jubilee Center ($328k) and Pinedale Community Food Basket Inc ($328k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $49k (13% of expenses). Other salaries and wages came to $125k. At year end it held assets of $527k against liabilities of $16k, net assets of $511k. It reported 7 employees.