Minorities in Cybersecurity Inc

Analysis

Minorities in Cybersecurity Inc is a registered charity in United States, based in Mansfield, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Minorities in Cybersecurity Inc reported income of $384k and spending of $450k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $95k to $384k (+302%), an average of +101% a year. The sharpest change came in the year to December 2022, when income rose by 226%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minorities in Cybersecurity Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Maverick Concerts Inc ($384k), Womens Art Center of the Hamptons Inc ($384k) and Aiken Music Festival ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $208k (46% of expenses). It paid $3,000 in professional fundraising fees. At year end it held assets of $181k against liabilities of $0, net assets of $181k.