Santa Monica Bay Womans Club

Analysis

Santa Monica Bay Womans Club is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, 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 May 2023, Santa Monica Bay Womans Club reported income of $311k and spending of $221k, leaving 29% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $199k to $311k (+56%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 252%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Santa Monica Bay Womans Club sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Warrensburg Main Street Inc ($311k), Gentlemens League ($311k) and Richmond Main Street Initiative Inc ($311k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.2% and program service revenue 67% of the total. Other salaries and wages came to $37k. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m. It reported 1 employees.