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CHARITY REVIEW
Issued: November 2024 Expires: November 2026

Women's World Banking

Accredited Charity
Accredited Charity

Meets Standards
(212) 768-8513
122 East 42nd Street, 42nd Floor
New York, NY, 10168
https://www.womensworldbanking.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Women's World Banking meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to expand the economic assets, participation, and power of low-income women and their households by helping them access financial services, knowledge, and markets."

Year, State Incorporated:
2017, NY

Women’s World Banking (WWB) reports that it designs women-centered financial solutions, invests in financial institutions, and helps to shape policy environments in emerging markets to create greater economic stability and prosperity for women, their families, and their communities. The target beneficiaries are low-income women in developing countries, particularly a set of priority markets that may achieve the greatest scale and impact: Bangladesh, Egypt, India, Indonesia, Mexico, Nigeria, Cambodia, and Vietnam. The organization states that it works with a global network of cross-sector partners including retail banks, microfinance institutions, fintech companies, governments, and multinational corporations, which includes 74 organizations in 34 countries. These network members serve as implementing, strategic, and advocacy partners in establishing organizational programs. WWB also partners with policymakers, investors, and donors to bring women-centered products, services, marketing practices, and policies to market.

For the year ended December 31, 2023, Women's World Banking's program expenses were:

WWB programs $13,620,371
WWB asset management $2,285,175
WWB investments II LLC $16,644
WWB investments LLC $7,898
Total Program Expenses $15,930,088

Chief Executive
Mary Ellen Iskenderian, President and Chief Executive Officer

Compensation*
$504,927

Chair of the Board
Janet Truncale

Chair's Profession / Business Affiliation
Global Chair and Chief Executive Officer, Ernst Young

Board Size
14

Paid Staff Size
96

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Membership appeals

Fundraising costs were 14% of related contributions. (Related contributions, which totaled $20,419,170, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Women's World Banking's audited financial statements - consolidated for the year ended December 31, 2023.

Source of Funds
Grants and contributions $20,160,038
Investment income, net $2,744,888
Fees for services $2,551,417
Other income $452,652
In-kind contributions $259,132
Total Income $26,120,693

Programs: 78% Fundraising: 14% Administrative: 9%

Total Income $26,120,693
Total expenses: $20,506,846
  Program expenses $15,930,088
  Fundraising expenses $2,783,971
  Administrative expenses $1,792,787
  Other expenses $0
Income in Excess of Expenses $5,613,847
Beginning Net Assets $34,505,240
Other Changes In Net Assets $-23,717
Ending Net Assets $40,142,804
Total Liabilities $4,541,786
Total Assets $44,684,590

Note 1: As noted in the above financial section, "other changes in net assets" refers to a foreign currency translation loss.

Note 2: According to WWB's audited financial statements - consolidated - for the year ended December 31, 2023, the organization received $259,132 in donated services.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance