Minority Access Inc

Analysis

Minority Access Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Minority Access Inc reported income of $332k and spending of $589k, spending 178% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $790k to $332k (-58%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minority Access Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Commissioned Believers Deaf Ministry Inc ($332k), Lakota Child Care Center ($332k) and Faith House Academy & Early Learning Center ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (12% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.2m against liabilities of $413k, net assets of $1.8m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.