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New York · Nonprofit

GIRLS WHO INVEST INC

GIRLS WHO INVEST INC (New York) receives grants from 71 organizations whose IRS filings report $12,089,087 to it, the largest being APOLLO OPPORTUNITY FOUNDATION ($1,500,000). 39 of them have funded it in more than one year.

Revenue FY2025
$14M
Funders on record
71
Grants received
$12M
Net assets
$26M
39/71 repeat fundersgrants exceed reported revenue in one year
01What it does

What Girls Who Invest Inc does

Mission

Girls who invest is dedicated to transforming the investment management industry by attracting and advancing investors, change-makers, and leaders.

As stated on its FY2025 Form 990.

Programs

  1. Summer intensive program (sip): our 4-week academic training at the wharton school of university of pennsylvania, led by top university professors and followed by a 7-week paid, frontline investing internship at one of 130+ leading investment management firms.

    $5,772,064 spent
    59% of program spending
  2. Online intensive program (oip): our self-directed, asynchronous educational program, which allows independent learners to master finance and investing fundamentals. A limited subset of this population is also placed in internships.

    $1,467,474 spent
    15% of program spending
  3. Alumni career institute: career advisory services, community building, and connections for our alumni at all stages of their careers. All alumni can access exclusive career resources and find other alumni working at their firm on the gwi career portal.

    $2,543,621 spent
    26% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $9,783,159.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.2M) Expenses 100 ($1.0M) Net assets 100 ($2.9M)2018 Revenue 229 ($4.9M) Expenses 165 ($1.7M) Net assets 211 ($6.2M)2019 Revenue 237 ($5.1M) Expenses 222 ($2.3M) Net assets 308 ($9.0M)2020 Revenue 36 ($766k) Expenses 210 ($2.1M) Net assets 263 ($7.7M)2021 Revenue 232 ($5.0M) Expenses 318 ($3.2M) Net assets 322 ($9.4M)2022 Revenue 593 ($13M) Expenses 541 ($5.5M) Net assets 566 ($17M)2023 Revenue 628 ($14M) Expenses 784 ($8.0M) Net assets 756 ($22M)2024 Revenue 482 ($10M) Expenses 895 ($9.1M) Net assets 801 ($23M)2025 Revenue 643 ($14M) Expenses 1133 ($12M) Net assets 880 ($26M)
'17'18'19'20'21'22'23'24'25
Revenue (643)Expenses (1133)Net assets (880)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $10M to $17M (+67%).

$2.9M
$6.3M
$9.2M
$8.9M
$10M
$17M
$23M
$26M
$28M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

81% of GIRLS WHO INVEST INC’s revenue is contributions — more donation-reliant than the typical peer (13% for the typical peer).

This organization
Typical peer · 458 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$1.1M
’17
$3.2M
’18
$2.8M
’19
−$1.4M
’20
$1.7M
’21
$7.3M
’22
$5.5M
’23
$1.3M
’24
$2.3M
’25
18
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Katherine Colsher

Chief executive officer

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2017 and FY2018 filings.

'17'18'19'20'21'22'23'24'25
Listed10109161616182123
Joined·+3+0+7+0+4+3+4+4
No longer listed·31004112
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 4 funders to 35 funders, grant income rose $177k → $2.6M.

18 of 71 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of GIRLS WHO INVEST INC’s funders (the co-funder graph). Top 30 of 71 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

GIRLS WHO INVEST INC has a broad base — no single funder exceeds 12% of grant income, and it takes 7 funders to reach half.

the vertical line marks half of all grant income — 7 funders to its left

40% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GIRLS WHO INVEST INC.

12%
largest funder
30%
top three
~19
effective funders

Largest funder’s share by year: 2017 56% · 2018 53% · 2019 60% · 2020 49% · 2021 14% · 2022 14% · 2023 13% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

41% of GIRLS WHO INVEST INC's funders are still giving 3 years after their first grant; 55% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

GIRLS WHO INVEST INC draws 63% of its grant income from funders outside New York, across 17 states in all.

MN
IL
WI
MI
NY
MA
PA
NJ
CT
CA
CO
VA
MD
DE
DC
GA
TX

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $3.6M arriving through sponsors registered in 13 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

GIRLS WHO INVEST INC runs a healthier operating margin than three-quarters of the 290 employment nonprofits its size.

Operating margin17% · top quartile
Months of reserve18.2mo · top quartile
Revenue growth (annualized)26% · top quartile

this organization peer median middle 50% of peers· 290 employment nonprofits $10M–$100M, FY2025

Government funding GIRLS WHO INVEST INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $307 on record.

State$307
25
26
Top programs
  • DEDICATED$307

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like GIRLS WHO INVEST INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 8%Fundraising 7%

Governance

17
board members
94%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

88%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 4 states

NY
MA
PA
CA

Screen this organization

A dated, signed PDF of the compliance screen for GIRLS WHO INVEST INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds GIRLS WHO INVEST INC?
GIRLS WHO INVEST INC (New York) receives grants from 71 organizations whose IRS filings report $12,089,087 to it, the largest being APOLLO OPPORTUNITY FOUNDATION ($1,500,000). 39 of them have funded it in more than one year.
How many funders does GIRLS WHO INVEST INC have?
IRS filings report 71 organizations giving $12,089,087 in grants to GIRLS WHO INVEST INC, 39 of which have funded it in more than one year.
Who is the largest funder of GIRLS WHO INVEST INC?
APOLLO OPPORTUNITY FOUNDATION is the largest funder on record, with $1,500,000 in grants. The full list of funders is on this page.
How can an organization like GIRLS WHO INVEST INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Girls Who Invest →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 71 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing