Womens Business Development Center Inc

Analysis

Womens Business Development Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 1999, 27 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, Womens Business Development Center Inc reported income of $843k and spending of $713k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $843k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womens Business Development Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include South Dakota Association of Healthcare Organizations Healthcar ($843k), Emerging Technology Centers Inc ($843k) and Electrical Joint Apprenticeship and Training Committee of Northern Ind ($842k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $188k (26% of expenses). Other salaries and wages came to $133k. At year end it held assets of $421k against liabilities of $106k, net assets of $314k. It reported 3 employees.