Great Lakes Womens Business Council

Analysis

Great Lakes Womens Business Council is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in September 1985, 41 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, Great Lakes Womens Business Council reported income of $4.1m and spending of $3.5m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.1m (+96%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Lakes Womens Business Council sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Adeo Colorado ($4.1m), NCR Permanent Supportive Housing Services ($4.1m) and Ellen Battell Stoeckel Residue TR Uw ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $264k (7.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.4m against liabilities of $2.4m, net assets of $3.0m. It reported 22 employees.