Womens World Banking Inc

Analysis

Womens World Banking Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 World Banking Inc reported income of $23.6m and spending of $20.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.5m to $23.6m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Womens World Banking Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Fund for Global Human Rights ($23.5m), Baitulmaal Inc ($23.7m) and American School in London Foundation ($23.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $3.1m (15% of expenses). Other salaries and wages came to $7.9m. It paid $197k in professional fundraising fees. At year end it held assets of $44.7m against liabilities of $4.5m, net assets of $40.1m. It reported 105 employees.