Women Offshore Foundation

Analysis

Women Offshore Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 (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, Women Offshore Foundation reported income of $433k and spending of $393k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $231k to $433k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Women Offshore Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Womens Conference of Florida Inc ($432k), Pittsburg a Philip Randolph Institute Education Fund ($433k) and Ephrata Development Organization Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $38k (9.6% of expenses). At year end it held assets of $253k against liabilities of $27k, net assets of $227k.