National Action Council for Minorities in Engineering Inc

Analysis

National Action Council for Minorities in Engineering Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 August 2023, National Action Council for Minorities in Engineering Inc reported income of $3.5m and spending of $4.1m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.1m to $3.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to August 2021, when income rose by 59%. Over the whole period it spent 110% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, National Action Council for Minorities in Engineering Inc sits at the 91st 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 91st percentile within VA. Charities of a similar size with the same main cause include Safe Site Youth Development Inc ($3.5m), Democracy North Carolina ($3.5m) and Centerlink Inc ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $290k (7.2% of expenses). Other salaries and wages came to $907k. At year end it held assets of $23.0m against liabilities of $8.3m, net assets of $14.7m. It reported 12 employees.