Women In Progress Inc
Women In Progress Inc consistently operates near break-even with no reported officer compensation.
EIN: 10697940 · Minneapolis, MN · NTEE: S43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $556K |
| Total Expenses | $601K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $33K |
| Transparency Score | 85/100 |
Is Women In Progress Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Women In Progress Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Women In Progress Inc
Women In Progress Inc (EIN: 10697940) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code S43. The organization reported total revenue of $556K and total assets of $375K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Women In Progress Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Women In Progress Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $571K |
| Total Expenses | $601K |
| Surplus / Deficit | $-29,736 |
| Total Assets | $388K |
| Total Liabilities | $354K |
| Net Assets | $33K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 91.4% |
| Months of Reserves | 7.7 months |
Financial Health Grade: C
In 2023, Women In Progress Inc reported a deficit of $30K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 91.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Women In Progress Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +0.8% | -12.4% |
| 2022 | +29.6% | +29.2% | -3.5% |
| 2021 | -8.5% | +2.3% | +0.3% |
| 2020 | -9.1% | -12.3% | +63.3% |
| 2019 | +0.8% | +0.2% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Women In Progress Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Women In Progress Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 91.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is a highly positive indicator, suggesting a strong commitment to directing all available funds towards the organization's mission rather than executive salaries, especially for an organization with annual revenues exceeding $500,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Women In Progress Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $29,736 in 2023, $24,502 in 2022) could impact long-term financial health.
- High liabilities relative to assets (e.g., $354,314 liabilities vs. $387,608 assets in 2023) may indicate reliance on debt or short-term obligations.
Strengths
The following positive indicators were identified for Women In Progress Inc:
- Zero officer compensation reported across all filings, indicating strong dedication of funds to mission.
- Consistent revenue generation over a decade, demonstrating stable donor/funding base.
- Growth in assets over time, from $124,723 in 2014 to $387,608 in 2023, enhancing financial stability.
Frequently Asked Questions about Women In Progress Inc
Is Women In Progress Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Women In Progress Inc (EIN: 10697940) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Women In Progress Inc spend its money?
Women In Progress Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Women In Progress Inc tax-deductible?
Women In Progress Inc is registered as a tax-exempt nonprofit (EIN: 10697940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Women In Progress Inc CEO make?
Women In Progress Inc's highest-compensated officer earns $500,000. annually. The organization reported $556K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Women In Progress Inc's spending goes to programs?
Women In Progress Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Women In Progress Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Women In Progress Inc is above average for NTEE category S43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Women In Progress Inc located?
Women In Progress Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 10697940. It is classified under NTEE code S43.
How many years of IRS 990 filings does Women In Progress Inc have?
Women In Progress Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $556K in total revenue.
Is Women In Progress Inc financially sustainable given recent operating deficits?
While Women In Progress Inc has experienced slight operating deficits in recent years (e.g., $29,736 in 2023 and $24,502 in 2022), these are relatively small compared to their total revenues. Their asset base has also grown over time, suggesting some capacity to absorb these deficits. However, continued deficits could impact long-term sustainability if not addressed.
What is the organization's primary source of funding?
The provided data does not specify the primary source of funding (e.g., grants, donations, program service fees). Further investigation into their IRS Form 990, Part VIII (Statement of Revenue) would be necessary to determine this.
How does the organization manage its liabilities?
Liabilities have generally increased alongside assets, reaching $354,314 in 2023. While assets ($387,608) still exceed liabilities, the relatively high proportion of liabilities to assets (over 90% in 2023) suggests a need for careful management of debt and obligations.
Filing History
IRS 990 filing history for Women In Progress Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Women In Progress Inc's revenue has grown by 60%, moving from $357K to $571K. Total assets increased by 189.8% over the same period, from $134K to $388K. Total functional expenses rose by 51.8%, from $396K to $601K. In its most recent filing year (2023), Women In Progress Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $354K in liabilities against $388K in assets (debt-to-asset ratio: 91.4%), resulting in net assets of $33K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $571K | $601K | $388K | $354K | — | — |
| 2022 | $572K | $596K | $443K | $380K | — | — |
| 2021 | $441K | $462K | $459K | $371K | — | View 990 |
| 2020 | $482K | $451K | $457K | $349K | — | View 990 |
| 2019 | $531K | $514K | $280K | $203K | — | View 990 |
| 2018 | $526K | $513K | $327K | $266K | — | View 990 |
| 2017 | $509K | $486K | $243K | $195K | — | — |
| 2016 | $431K | $435K | $163K | $138K | — | View 990 |
| 2015 | $420K | $428K | $171K | $142K | — | View 990 |
| 2014 | $465K | $473K | $125K | $88K | — | View 990 |
| 2013 | $533K | $502K | $120K | $76K | — | View 990 |
| 2012 | $473K | $486K | $141K | $127K | — | View 990 |
| 2011 | $357K | $396K | $134K | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $571K, expenses of $601K, and assets of $388K (revenue -0.1% year-over-year).
- 2022: Revenue of $572K, expenses of $596K, and assets of $443K (revenue +29.6% year-over-year).
- 2021: Revenue of $441K, expenses of $462K, and assets of $459K (revenue -8.5% year-over-year).
- 2020: Revenue of $482K, expenses of $451K, and assets of $457K (revenue -9.1% year-over-year).
- 2019: Revenue of $531K, expenses of $514K, and assets of $280K (revenue +0.8% year-over-year).
- 2018: Revenue of $526K, expenses of $513K, and assets of $327K (revenue +3.5% year-over-year).
- 2017: Revenue of $509K, expenses of $486K, and assets of $243K (revenue +17.9% year-over-year).
- 2016: Revenue of $431K, expenses of $435K, and assets of $163K (revenue +2.7% year-over-year).
- 2015: Revenue of $420K, expenses of $428K, and assets of $171K (revenue -9.7% year-over-year).
- 2014: Revenue of $465K, expenses of $473K, and assets of $125K (revenue -12.7% year-over-year).
- 2013: Revenue of $533K, expenses of $502K, and assets of $120K (revenue +12.5% year-over-year).
- 2012: Revenue of $473K, expenses of $486K, and assets of $141K (revenue +32.5% year-over-year).
- 2011: Revenue of $357K, expenses of $396K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Women In Progress Inc:
Data Sources and Methodology
This transparency report for Women In Progress Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.