Womens Foundation of Massachusetts Inc

Analysis

Womens Foundation of Massachusetts Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Womens Foundation of Massachusetts Inc reported income of $5.2m and spending of $1.7m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $5.2m (+245%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 32% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Womens Foundation of Massachusetts Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Central Montana Foundation ($5.2m), Legacy Global Foundation Inc ($5.2m) and Constellation Fund ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $268k. At year end it held assets of $12.9m against liabilities of $22k, net assets of $12.9m. It reported 5 employees.