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Virginia · Nonprofit

Independent Women's Voice

Independent Women's Voice (Virginia) receives grants from 9 organizations whose IRS filings report $3,419,788 to it, the largest being The Concord Fund ($2,850,000). 5 of them have funded it in more than one year.

Revenue FY2025
$2.2M
Funders on record
9
Grants received
$3.4M
Net assets
$916k
5/9 repeat funderspeak grant-dependency 51%
01What it does

What Independent Women's Voice does

Mission

Engage more individuals in legislative advocacy, educate them about the impact of public policies on their lives and our economy, and build support for policies that empower individuals by giving them greater freedom and autonomy.

As stated on its FY2025 Form 990.

Program

On its FY2025 return the organization reported starting a significant new program.

IWV launched Independent Womens Network, a membership community that enables its members to discuss the most important issues affecting their lives, communities and country; meet and form lasting bonds with like-minded women; engage in informed, open and civil debate and dialogue; and work to advance the principles we share to create better communities and a healthier country.

Its own explanation, from Schedule O of that return (Part III, line 2).

  1. Educate the public about the impact of public policies on American families and the economy, and encourage their engagement and action so that policymakers hear the voices of mainstream women and independents.

    $1,573,676 spent
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $1,573,676.

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 ($3.0M) Expenses 100 ($2.0M) Net assets 100 ($4.0M)2018 Revenue 71 ($2.1M) Expenses 144 ($2.9M) Net assets 81 ($3.2M)2019 Revenue 24 ($731k) Expenses 80 ($1.6M) Net assets 58 ($2.3M)2020 Revenue 88 ($2.7M) Expenses 151 ($3.1M) Net assets 48 ($1.9M)2021 Revenue 64 ($1.9M) Expenses 111 ($2.2M) Net assets 40 ($1.6M)2022 Revenue 99 ($3.0M) Expenses 149 ($3.0M) Net assets 33 ($1.3M)2023 Revenue 62 ($1.9M) Expenses 121 ($2.5M) Net assets 21 ($848k)2024 Revenue 78 ($2.3M) Expenses 118 ($2.4M) Net assets 20 ($806k)2025 Revenue 73 ($2.2M) Expenses 104 ($2.1M) Net assets 23 ($916k)
'17'18'19'20'21'22'23'24'25
Revenue (73)Expenses (104)Net assets (23)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 2018 to 2019, from $3.2M to $2.3M (−28%).

$4.0M
$3.2M
$2.3M
$1.9M
$1.7M
$1.4M
$931k
$821k
$918k
'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

89% of Independent Women's Voice’s revenue is contributions — about as donation-reliant as the typical peer (97% for the typical peer).

This organization
Typical peer · 1,024 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 9 reported years ran a deficit.

$989k
’17
−$763k
’18
−$896k
’19
−$408k
’20
−$309k
’21
−$41k
’22
−$567k
’23
−$43k
’24
$110k
’25
3.6
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

Heather Higgins

CEO/Director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed756776776
Joined·+0+1+2+1+0+1+1+0
No longer listed·20111011
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 2 funders, grant income rose $90k → $215k.

From the IRS filings of Independent Women's Voice’s funders (the co-funder graph). 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

Independent Women's Voice leans on a few funders — its largest provides 83% of grant income and the top three 93%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

97% 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 Independent Women's Voice.

83%
largest funder
93%
top three
~1
effective funders

Largest funder’s share by year: 2017 56% · 2018 100% · 2020 40% · 2021 97% · 2022 100% · 2023 88% — growing more concentrated.

“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

17% of Independent Women's Voice's funders are still giving 3 years after their first grant; 56% give in more than one year at all.

first grant+1y+2y+3y

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

86% of Independent Women's Voice's grant income comes from Virginia funders.

NY
NJ
CA
VA
DC
FL

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

’17
’18
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. 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

Independent Women's Voice's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin5% · below the median
Months of reserve3.6mo · below the median
Revenue growth (annualized)−4% · bottom quartile

this organization peer median middle 50% of peers· 479 civil rights nonprofits $1M–$10M, FY2025

Organizations like Independent Women's Voice

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 Virginia

Nationally

05Profile & governance

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

Where the money goes

75% of spending goes to programs.

Program 75%Management 17%Fundraising 8%

Governance

3
board members
67%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 27 states

NH
ND
MN
IL
WI
NY
MA
OR
PA
NJ
RI
CA
MO
KY
WV
VA
MD
KS
AR
TN
NC
SC
HI
MS
AL
GA
FL

Screen this organization

A dated, signed PDF of the compliance screen for Independent Women's Voice: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 Independent Women's Voice?
Independent Women's Voice (Virginia) receives grants from 9 organizations whose IRS filings report $3,419,788 to it, the largest being The Concord Fund ($2,850,000). 5 of them have funded it in more than one year.
How many funders does Independent Women's Voice have?
IRS filings report 9 organizations giving $3,419,788 in grants to Independent Women's Voice, 5 of which have funded it in more than one year.
Who is the largest funder of Independent Women's Voice?
The Concord Fund is the largest funder on record, with $2,850,000 in grants. The full list of funders is on this page.
How can an organization like Independent Women's Voice find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. 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 Independent Women's Voice →

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 9 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