Women of Tomorrow Mentor and Scholarship Program Inc

Analysis

Women of Tomorrow Mentor and Scholarship Program Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 July 2023, Women of Tomorrow Mentor and Scholarship Program Inc reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.4m to $1.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to July 2022, when income rose by 133%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Women of Tomorrow Mentor and Scholarship Program Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Manabu Movement Inc ($1.7m), District C ($1.7m) and Doug Coombs Foundation ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $175k (12% of expenses). Other salaries and wages came to $292k. At year end it held assets of $5.4m against liabilities of $229k, net assets of $5.1m. It reported 17 employees.