Mid-States Minority Supplier Development Council

Analysis

Mid-States Minority Supplier Development Council is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1980, 46 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, Mid-States Minority Supplier Development Council reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $786k to $1.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-States Minority Supplier Development Council sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Visiting Nurse Association and Home Health Maintenance Organization ($1.0m), McLeod Emergency Food Shelf ($1.0m) and Aspen Jewish Center ($1.0m).

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 $118k (11% of expenses). Other salaries and wages came to $213k. At year end it held assets of $1.6m against liabilities of $1.1m, net assets of $475k. It reported 4 employees.