Association of Womens Business Centers

Analysis

Association of Womens Business Centers is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover employment, 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, Association of Womens Business Centers reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $1.8m (+359%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association of Womens Business Centers sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Womens Opportunities Resource Center ($1.8m), The Idea Village ($1.8m) and Prosperus Detroit Micro Lending ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $232k (13% of expenses). Other salaries and wages came to $216k. At year end it held assets of $941k against liabilities of $118k, net assets of $823k. It reported 6 employees.