National Minority Quality Forum Inc

Analysis

National Minority Quality Forum Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2001, 25 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 September 2023, National Minority Quality Forum Inc reported income of $10.8m and spending of $10.2m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.4m to $10.8m (+145%), an average of +25% a year. The sharpest change came in the year to September 2020, when income rose by 71%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Minority Quality Forum Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include LA Salle Community Action Association Inc ($10.8m), The Fay School ($10.8m) and The Joyce D & Andrew J Mandell Greater Hartford Jewish Community ($10.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $1.1m (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.7m against liabilities of $1.1m, net assets of $4.6m. It reported 39 employees.