Michigan Minority Purchasing Council MMSDC

Analysis

Michigan Minority Purchasing Council MMSDC is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Minority Purchasing Council MMSDC reported income of $3.4m and spending of $6.1m, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.4m (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan Minority Purchasing Council MMSDC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Saheli ($3.4m), Interfaith Housing & Community Services Inc ($3.4m) and Banana Kelly Community Improvement Association Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $963k (16% of expenses). Other salaries and wages came to $770k. At year end it held assets of $4.7m against liabilities of $2.2m, net assets of $2.4m. It reported 21 employees.