Suburban Minority Contractors Association

Analysis

Suburban Minority Contractors Association is a registered charity in United States, based in Barrington, IL. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Suburban Minority Contractors Association reported income of $312k and spending of $292k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $285k to $312k (+9.6%), an average of +4.7% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suburban Minority Contractors Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Sparkpath Inc ($312k), Student Opportunities and Advanced Resources ($312k) and Parent Faculty Club of Round Meadow School ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 54% of the total. Other salaries and wages came to $37k. At year end it held assets of $109k against liabilities of $3,075, net assets of $106k. It reported 8 employees.