Colorado · Nonprofit
THE WOMEN'S BAKERY INC
THE WOMEN'S BAKERY INC (Colorado) receives grants from 32 organizations whose IRS filings report $5,594,387 to it, the largest being ADELE BRAUN CHARITABLE FOUNDATION ($3,100,000). 23 of them have funded it in more than one year.
- Revenue FY2025
- $1.4M
- Funders on record
- 32
- Grants received
- $5.6M
- Net assets
- $6.0M
What The Women's Bakery Inc does
Mission
The women's bakery empowers women and nourishes communities through a sustainable social enterprise.
As stated on its FY2025 Form 990.
Program
The women's bakery (twb) is a viable commitment to a vision for what the world can be: a world that elevates women for their inherent power and promotes business as a tool for lasting, positive social impact. At twb, we strive to empower women through vocational training, employment, and social programming, and we build bakeries that sell nutritious breads to rwandan communities. Our major key is women's empowerment and our minor key is our one bread project (obp), a school snack program that serves primary school students a daily piece of fortified bread, meeting the world food programme nutrition fortification standards. We launched opb in 2019, serving about 400 children a day; in 2025, we served, on average, over 20,000 children every school day. In 2025, twb directly employed 70 people, 68 of whom are east african and 55 of whom are women. All twb team members have access to mental health counseling, financial literacy lessons, on-site daycares, and ongoing professional development trainings. All team members have company health insurance, benefiting 98 dependents. 80% of our team members report twb as their primary source for income and, because of twb's programming, 100% of…
$171,757 spent100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $171,757.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $1.3M to $6.0M (+370%).
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.
Government-grant reliance: 2021 4%. Grants only. Government contracts and fees sit inside program revenue.
98% of THE WOMEN'S BAKERY INC’s revenue is contributions — more donation-reliant than the typical peer (97% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
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
Jane Markey Culver
CEO
Board chair
Burke Fishburn
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 12 funders, grant income rose $58k → $629k.
5 of 32 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 18% 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 THE WOMEN'S BAKERY INC’s funders (the co-funder graph). Top 30 of 32 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
THE WOMEN'S BAKERY INC leans on a few funders — its largest provides 55% of grant income and the top three 78%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 87% · 2018 31% · 2019 45% · 2020 56% · 2021 57% · 2022 56% · 2023 80% — 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
48% of THE WOMEN'S BAKERY INC's funders are still giving 3 years after their first grant; 72% give in more than one year at all.
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
THE WOMEN'S BAKERY INC draws 100% of its grant income from funders outside Colorado, across 16 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.0M arriving through sponsors registered in 5 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.
Against its field
THE WOMEN'S BAKERY INC runs a healthier operating margin than three-quarters of the 798 international nonprofits its size.
this organization peer median middle 50% of peers· 798 international nonprofits $1M–$10M, FY2025
Organizations like THE WOMEN'S BAKERY 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 Colorado
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
50% of spending goes to programs.
Governance
Public support
37%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- The Women's Bakery Ltd · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for THE WOMEN'S BAKERY 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.
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 THE WOMEN'S BAKERY INC?
- THE WOMEN'S BAKERY INC (Colorado) receives grants from 32 organizations whose IRS filings report $5,594,387 to it, the largest being ADELE BRAUN CHARITABLE FOUNDATION ($3,100,000). 23 of them have funded it in more than one year.
- How many funders does THE WOMEN'S BAKERY INC have?
- IRS filings report 32 organizations giving $5,594,387 in grants to THE WOMEN'S BAKERY INC, 23 of which have funded it in more than one year.
- Who is the largest funder of THE WOMEN'S BAKERY INC?
- ADELE BRAUN CHARITABLE FOUNDATION is the largest funder on record, with $3,100,000 in grants. The full list of funders is on this page.
- How can an organization like THE WOMEN'S BAKERY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Colorado. 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 Women's Bakery →
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 32 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