National Minority Supplier Development Council Inc

Analysis

National Minority Supplier Development Council Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, National Minority Supplier Development Council Inc reported income of $27.3m and spending of $26.7m, spending 98% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $15.1m to $27.3m (+80%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Minority Supplier Development Council Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include San Diego Society of Natural History Balboa Park ($27.3m), Music Associates of Aspen Inc ($27.3m) and Rocky Mountain Public Media Inc ($27.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $793k (3.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $15.9m against liabilities of $6.8m, net assets of $9.1m. It reported 37 employees.