N C Minoritywomen Business Enterprise Coordinators Network

Analysis

N C Minoritywomen Business Enterprise Coordinators Network is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 2001, 25 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 (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, N C Minoritywomen Business Enterprise Coordinators Network reported income of $87k and spending of $59k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $31k to $87k (+186%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, N C Minoritywomen Business Enterprise Coordinators Network sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Valdosta Rotary Foundation Inc ($87k), Invest Michigan ($88k) and Ranchin Vets ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $1,159. At year end it held assets of $115k against liabilities of $764, net assets of $114k.