Overview
What is Women's Opportunities Resource Center?
The Women's Opportunities Resource Center, located in Philadelphia, Pennsylvania, is a nonprofit organization with a mission to promote social and economic self-sufficiency primarily for economically disadvantaged women and their families. Their primary activities involve training clients to create business plans and start their own businesses through a Microenterprise Training Program. They also connect clients with financial resources and provide savings programs for low-income individuals. The center operates with a team of 15 dedicated individuals.
Official website here: www.worc-pa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Women's Opportunities Resource Center (WORC) has achieved a high score of 96% on Charity Navigator, which reflects excellent accountability and finance practices. This rating is based entirely on their strong performance in financial oversight, with notable strengths including an independent board with 80% of its members being independent and a high program expense ratio of 78.18%. The organization demonstrates transparency and adherence to best practices with policies in place for conflict of interest, whistleblowing, and document retention.
User feedback highlights the effectiveness of WORC's programs, particularly their education savings program, which has helped clients manage college expenses and improve their financial literacy. Reviewers express gratitude for the supportive staff and the impact that participation in these programs has had on their educational journeys. The consistent positive experiences shared by clients suggest that WORC not only provides valuable financial resources but also fosters a welcoming and encouraging environment for those they serve.
While the data reflects strong operational practices and positive client experiences, there are no noted limitations in the information available. Overall, WORC appears to be a highly effective nonprofit with a strong commitment to empowering individuals through financial education and support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Women's Opportunities Resource Center legitimate?
Women's Opportunities Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Opportunities Resource Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $66,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $254,872
For more financial information, click here
Official website here: www.worc-pa.com
What is the mission statement of Women's Opportunities Resource Center?
The Women's Opportunities Resource Center primarily focuses on promoting social and economic self-sufficiency. This mission is aimed at assisting economically disadvantaged women and their families. The organization achieves this by providing various resources and programs. For instance, they train clients to create business plans and start their own businesses through microenterprise training programs. Furthermore, they help link these clients with necessary financial resources. Additionally, they offer savings programs to support low-income individuals. The goal is to empower these women and their families, enabling them to become self-sufficient.
Official website here: www.worc-pa.com
What is the revenue of Women's Opportunities Resource Center?
Women's Opportunities Resource Center's revenue in 2023 was $1,802,439.
Official website here: www.worc-pa.com
Who are the executives of Women's Opportunities Resource Center and what are their salaries?
The average compensation at Women's Opportunities Resource Center during 2023 was $26,763. There are 12 employees and 15 volunteers at Women's Opportunities Resource Center.
Here are 5 key members and their salaries:
- Compensation: $94,945
- Related: $0
- Other: $7,818
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.worc-pa.com
Where can I find the form 990 for Women's Opportunities Resource Center?
Women's Opportunities Resource Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.worc-pa.com
Learn more at the official website: www.worc-pa.com
Mission Statement of Women's Opportunities Resource Center
The Women's Opportunities Resource Center is committed to fostering social and economic self-sufficiency primarily for economically disadvantaged women and their families. The organization's mission is multifaceted, encompassing the training of individuals to create business plans and establish businesses through their microenterprise training program. Additionally, they link their clients with financial resources, providing them with opportunities to make significant strides towards financial stability. Furthermore, the Women's Opportunities Resource Center offers savings programs to low-income individuals, equipping them with essential financial management skills. By implementing these initiatives, the organization aims to empower economically disadvantaged women and their families, enabling them to achieve self-sufficiency and improve their overall quality of life.
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Impact
October, 2024
The Women's Opportunities Resource Center significantly impacts social and economic self-sufficiency for economically disadvantaged women and their families, primarily in Philadelphia. Through its microenterprise training program, the organization equips clients with essential skills to develop business plans and launch their own businesses. This empowerment not only fosters entrepreneurship but also stimulates local economic growth.
In addition to business training, the center connects clients with vital financial resources, facilitating access to funding that can make entrepreneurial aspirations a reality. The organization also offers savings programs designed specifically for low-income individuals, promoting financial stability and long-term economic resilience.
Overall, the Women's Opportunities Resource Center plays a crucial role in transforming lives, contributing to community improvement, and helping individuals achieve independence and success in their personal and professional endeavors.
This information is meant to be a general summary of Women's Opportunities Resource Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,498
- Program Service Revenue: $88,213
- Gross Receipts: $1,802,439
Assets and Liabilities:
- Total Assets: $4,645,526
- Total Liabilities: $1,044,607
- Net Assets: $3,600,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$66,222
CLIENT LOANS AND FEES
Revenue
$21,991
Organization Details
Founding Year
1999
Principal Officer
Lynne Cutler
Website
www.worc-pa.comNTEE Category
Code: S400 - Community improvement
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