Southwest Minority Supplier Development Council

Analysis

Southwest Minority Supplier Development Council is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Southwest Minority Supplier Development Council reported income of $1.2m and spending of $900k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $866k to $1.2m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southwest Minority Supplier Development Council sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Klein Memorial Auditorium Foundation Inc ($1.2m), Joan Dancy and Pals Inc ($1.2m) and McDavid Group Charities Inc ($1.2m).

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 $208k (23% of expenses). Other salaries and wages came to $271k. At year end it held assets of $2.0m against liabilities of $28k, net assets of $2.0m. It reported 5 employees.