Rocky Mountain Minority Supplier Development Council

Analysis

Rocky Mountain Minority Supplier Development Council is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in March 1976, 50 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, Rocky Mountain Minority Supplier Development Council reported income of $1.7m and spending of $1.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rocky Mountain 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 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Portal Inc ($1.7m), Martis Camp Community Foundation ($1.7m) and Lake Worth West Resident Planning Group Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 82% of the total. At year end it held assets of $2.1m against liabilities of $612k, net assets of $1.5m. It reported 7 employees.