Quality Education for Minorities Network

Analysis

Quality Education for Minorities Network is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1990, 36 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 June 2023, Quality Education for Minorities Network reported income of $2.6m and spending of $2.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.6m (+72%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quality Education for Minorities Network sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include North Carolinas Eastern Economic Development Corporation ($2.6m), Sno-Isle Regional Library Foundation ($2.6m) and Hampton Christian Academy ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $405k (19% of expenses). Other salaries and wages came to $333k. At year end it held assets of $2.1m against liabilities of $1.0m, net assets of $1.1m. It reported 17 employees.