Minority Community Investment Coalition

Analysis

Minority Community Investment Coalition is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in June 2020, 6 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minority Community Investment Coalition reported income of $386k and spending of $423k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $901k to $386k (-57%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minority Community Investment Coalition sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Ruritan Club of Clarke County ($386k), Hopeful Opportunities Presented to Everyone Inc ($386k) and FM Rotary Foundation ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $213k against liabilities of $4,100, net assets of $209k.