The Pacific Southwest Minority Supplier Development Council

Analysis

The Pacific Southwest Minority Supplier Development Council is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 1974, 52 years ago. 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, The Pacific Southwest Minority Supplier Development Council reported income of $904k and spending of $1.2m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $904k (+93%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Pacific Southwest Minority Supplier Development Council sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include The Richmond Center ($904k), Project R I D E Incorporated ($904k) and The Salvation Army Hollywood Residences Inc ($903k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $182k (15% of expenses). Other salaries and wages came to $185k. It paid $48k in professional fundraising fees. At year end it held assets of $486k against liabilities of $551k, net assets of -$65k. It reported 5 employees.