Tristate Minority Supplier Development Council Inc

Analysis

Tristate Minority Supplier Development Council Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1984, 42 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 December 2023, Tristate Minority Supplier Development Council Inc reported income of $924k and spending of $596k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $924k (+47%), an average of +10% a year. 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, Tristate Minority Supplier Development Council Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Copay Inc ($924k), Nevada Grantlab ($924k) and Black Economic Development Coalition Inc ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $190k (32% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.8m against liabilities of $18k, net assets of $1.8m. It reported 2 employees.