National Consortium for Graduate DGRS Minorities in Engineering

Analysis

National Consortium for Graduate DGRS Minorities in Engineering is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 1977, 49 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, National Consortium for Graduate DGRS Minorities in Engineering reported income of $12.3m and spending of $8.2m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $12.3m (+146%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Consortium for Graduate DGRS Minorities in Engineering sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Vista Oaks Charter School ($12.3m), Woodcrest Christian School System ($12.3m) and Great Oaks Charter School - Bridgeport Inc ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $386k (4.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $20.1m against liabilities of $9.7m, net assets of $10.4m. It reported 12 employees.