Minority Construction Council Inc

Analysis

Minority Construction Council Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Construction Council Inc reported income of $584k and spending of $468k, spending 80% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $165k to $584k (+254%), an average of +29% a year. The sharpest change came in the year to December 2019, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minority Construction Council Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Mt Airy Transit Village Inc ($584k), District of Columbia Students Construction Trades Foundation Inc ($585k) and Centri Tech Foundation ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $251k. At year end it held assets of $206k against liabilities of $0, net assets of $206k. It reported 5 employees.