Womens Economic Ventures

Analysis

Womens Economic Ventures is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Womens Economic Ventures reported income of $4.2m and spending of $4.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.2m (+64%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Womens Economic Ventures sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($4.2m), Saint Francis Home ($4.2m) and Ican Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $271k (6.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.8m against liabilities of $3.7m, net assets of $3.1m. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.