Women of Colors

Analysis

Women of Colors is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Women of Colors reported income of $339k and spending of $415k, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $219k to $339k (+55%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Women of Colors sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Permian Basin Elite Volleyball Club Inc ($339k), Cambridge Youth Soccer Inc ($339k) and Rocklin Youth Baseball Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $78k (19% of expenses). Other salaries and wages came to $99k. At year end it held assets of $89k against liabilities of $14k, net assets of $75k. It reported 12 employees.