Pittsburgh Minority Business Accelerator

Analysis

Pittsburgh Minority Business Accelerator is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pittsburgh Minority Business Accelerator reported income of $1.1m and spending of $847k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.2m to $1.1m (-5.8%), an average of -5.8% a year. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pittsburgh Minority Business Accelerator sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Silver Cliff Ranch ($1.1m), The Consultation Center Inc ($1.1m) and Independent Living Resource of Contra Costa County ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $424k (50% of expenses). Other salaries and wages came to $120k. At year end it held assets of $847k against liabilities of $55k, net assets of $792k. It reported 4 employees.