Woman Evolve Inc

Analysis

Woman Evolve Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Woman Evolve Inc reported income of $8.7m and spending of $9.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $991k to $8.7m (+779%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 1483%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woman Evolve Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Baptist Homes Inc ($8.7m), Advance ($8.7m) and Advantage Care Diagnostic and Treatment Center Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $126k (1.4% of expenses). At year end it held assets of $846k against liabilities of $1.0m, net assets of -$154k.