Metrolina Minority Contractors Association

Analysis

Metrolina Minority Contractors Association is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover employment, 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, Metrolina Minority Contractors Association reported income of $111k and spending of $112k, spending 101% of its income. Across the 6 years on record, from December 2016 to December 2023, income grew from $2,606 to $111k (+4145%), an average of +112% a year. The sharpest change came in the year to December 2018, when income rose by 648%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metrolina Minority Contractors Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include City of Mullens Foundation Inc ($111k), Bethel LA Community Development Corporation ($111k) and Treat the Troops Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.