Womens Bean Project

Analysis

Womens Bean Project is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Womens Bean Project reported income of $3.6m and spending of $2.3m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $3.6m (+106%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 118%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womens Bean Project sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include North End Community Improvement Collaborative Inc ($3.6m), Rise Ltd ($3.6m) and Jane Addams Resource Corporation ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $225k (9.6% of expenses). Other salaries and wages came to $1.1m. It paid $13k in professional fundraising fees. At year end it held assets of $8.7m against liabilities of $587k, net assets of $8.2m. It reported 71 employees.