Ohio Minority Supplier Development Council

Analysis

Ohio Minority Supplier Development Council is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Ohio Minority Supplier Development Council reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ohio Minority Supplier Development Council sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Covation Center Inc ($1.3m), Gapps ($1.3m) and Hamilton-Lauraville Main Street Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $151k (12% of expenses). Other salaries and wages came to $362k. At year end it held assets of $714k against liabilities of $102k, net assets of $612k. It reported 6 employees.