New York & New Jersey Minority Supplier Development Council Inc

Analysis

New York & New Jersey 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 March 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York & New Jersey Minority Supplier Development Council Inc reported income of $2.9m and spending of $2.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.9m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York & New Jersey Minority Supplier Development Council Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Pace-Brantley Hall School Inc ($2.9m), Advanced Leadership Institute Inc ($2.9m) and Southeastern Massachusetts Ser-Jobs for Progress Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 33% of the total. Other salaries and wages came to $699k. At year end it held assets of $3.9m against liabilities of $1.0m, net assets of $2.9m. It reported 7 employees.