Women of Tomorrow Mentor & Scholarship Program Detroit

Analysis

Women of Tomorrow Mentor & Scholarship Program Detroit is a registered charity in United States, based in Sterling HTS, MI. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending July 2023, Women of Tomorrow Mentor & Scholarship Program Detroit reported income of $191k and spending of $397k, spending 208% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $583k to $191k (-67%), an average of -24% a year. The sharpest change came in the year to July 2022, when income rose by 71%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Women of Tomorrow Mentor & Scholarship Program Detroit sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Crescenta Valley Little League ($191k), Community Needs Agency of Chillicothe Illinois Inc ($191k) and Big Brothers Big Sisters of Green County Inc ($191k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $91k (23% of expenses). Other salaries and wages came to $110k. At year end it held assets of $840k against liabilities of $112k, net assets of $729k. It reported 4 employees.