Minnesota Association of Counselors of Color Inc

Analysis

Minnesota Association of Counselors of Color Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Minnesota Association of Counselors of Color Inc reported income of $64k and spending of $33k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2018 to June 2023, income fell from $71k to $64k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Association of Counselors of Color Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Sino-American Pharmaceutical Professionals Association Inc Sapa ($64k), Silver State Scholarships Inc ($64k) and Genesee Library ($64k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 6.5% of the total. At year end it held assets of $357k against liabilities of $0, net assets of $357k.