Womens Business Development Center

Analysis

Womens Business Development Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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 Business Development Center reported income of $14.9m and spending of $14.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $14.9m (+229%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 542%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Womens Business Development Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Detroit Community Health Connection Inc ($14.9m), St Andrews School ($14.9m) and United Way of Long Island ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $392k (2.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $35.5m against liabilities of $28.6m, net assets of $6.9m. It reported 51 employees.