Eastern Minority Supplier Development Council

Analysis

Eastern Minority Supplier Development Council is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1974, 52 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 2023, Eastern Minority Supplier Development Council reported income of $2.2m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.2m (+119%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Minority Supplier Development Council sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include ACLU Nebraska Foundation Inc ($2.2m), Mt Bachelor Sports Education Foundation ($2.2m) and St Tammany Manor Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $143k (7.3% of expenses). Other salaries and wages came to $503k. At year end it held assets of $557k against liabilities of $822k, net assets of -$265k. It reported 8 employees.