North Central Minority Supplier Dev

Analysis

North Central Minority Supplier Dev is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1974, 52 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, North Central Minority Supplier Dev reported income of $2.1m and spending of $1.2m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $664k to $2.1m (+214%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Central Minority Supplier Dev sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Safe Passage Inc ($2.1m), Bozeman Symphony Society ($2.1m) and McKenzie Institute Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $149k (13% of expenses). Other salaries and wages came to $201k. At year end it held assets of $1.6m against liabilities of $158k, net assets of $1.4m. It reported 4 employees.