Stark County Minority Business Association

Analysis

Stark County Minority Business Association is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Stark County Minority Business Association reported income of $506k and spending of $481k, spending 95% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $580k to $506k (-13%), an average of -13% a year. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stark County Minority Business Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Nebraska Recycling Council ($506k), Valley Alliance of Mentors for ($506k) and Ohio Assoc of Administrators of ($506k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $258k (54% of expenses). At year end it held assets of $453k against liabilities of $31k, net assets of $422k.