Corporate Counsel Women of Color Inc

Analysis

Corporate Counsel Women of Color Inc is a registered charity in United States, based in Ft Washington, MD. It received its IRS tax-exemption ruling in December 2004, 22 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 December 2023, Corporate Counsel Women of Color Inc reported income of $5.8m and spending of $5.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.8m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corporate Counsel Women of Color Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Neighborhood House Association ($5.8m), USA Homeownership Foundation Inc ($5.8m) and With Gods Grace ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $511k (9.9% of expenses). At year end it held assets of $4.1m against liabilities of $765k, net assets of $3.3m. It reported 2 employees.