Minority Corporate Counsel Association Inc

Analysis

Minority Corporate Counsel Association Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minority Corporate Counsel Association Inc reported income of $4.9m and spending of $4.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.9m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Minority Corporate Counsel Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Deschutes Defenders Inc ($4.8m), University Legal Services Inc ($4.9m) and The District of Columbia Childrens Advocacy Center ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $717k (15% of expenses). Other salaries and wages came to $852k. At year end it held assets of $6.4m against liabilities of $1.2m, net assets of $5.2m. It reported 11 employees.