National Minority Business Council Inc

Analysis

National Minority Business Council Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2020, 6 years ago. 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 2021, National Minority Business Council Inc reported income of $50k and spending of $68k, spending 135% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income fell from $59k to $50k (-14%), an average of -14% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Minority Business Council Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Patriots for Warriors ($50k), American Inns of Court Foundation ($50k) and Live Center Residential Inc ($50k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 6.9% and program service revenue 2.0% of the total. At year end it held assets of $665 against liabilities of $34k, net assets of -$34k.