Memphis Area Minority Contractors Association Inc

Analysis

Memphis Area Minority Contractors Association Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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, Memphis Area Minority Contractors Association Inc reported income of $148k and spending of $141k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $148k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Area Minority Contractors Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($148k), J a I Sachchidanand Inc ($148k) and Nebraska Trails Foundation Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.