Chicago Minority Supplier Development Council Inc

Analysis

Chicago Minority Supplier Development Council Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1976, 50 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, Chicago Minority Supplier Development Council Inc reported income of $3.1m and spending of $3.1m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $3.6m to $3.1m (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago Minority Supplier Development Council Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Community Foundation for Oceana County ($3.1m), Enterprise Foundation ($3.1m) and Healthy Neighborhoods Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $678k. At year end it held assets of $1.7m against liabilities of $822k, net assets of $893k.