Ny Tri-State Chapter of National Association of Minority Contractor

Analysis

Ny Tri-State Chapter of National Association of Minority Contractor is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in August 2017, 9 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, Ny Tri-State Chapter of National Association of Minority Contractor reported income of $233k and spending of $336k, spending 144% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $115k to $233k (+102%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 173%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ny Tri-State Chapter of National Association of Minority Contractor sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Community Improvement Corporation of Fostoria Ohio ($233k), Keokuk County Exposition Inc ($233k) and Community Life Improvement Center Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 266% of the total. At year end it held assets of $887k against liabilities of $11k, net assets of $875k.