The Widows Mite

Analysis

The Widows Mite is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 2001, 25 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, The Widows Mite reported income of $272k and spending of $243k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $227k to $272k (+20%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Widows Mite sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within NV. Charities of a similar size with the same main cause include Kindred Employee Assistance Fund Inc ($272k), Court Care for the Pikes Peak Region ($272k) and Thoroughfare Representative Services Incorporated ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $25k (10% of expenses). Other salaries and wages came to $17k. At year end it held assets of $471k against liabilities of $27k, net assets of $444k. It reported 6 employees.