Small and Emerging Contractors Advisory Forum

Analysis

Small and Emerging Contractors Advisory Forum is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Small and Emerging Contractors Advisory Forum reported income of $371k and spending of $366k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $188k to $371k (+97%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Small and Emerging Contractors Advisory Forum sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Greater Bridgeport Opportunities Industrialization Center Inc ($371k), Canopy Certified Inc ($371k) and Davie County Economic Development Commission Inc ($371k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. At year end it held assets of $469k against liabilities of $57k, net assets of $412k.