Northwest Minority Supplier Development Council

Analysis

Northwest Minority Supplier Development Council is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in January 1995, 31 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, Northwest Minority Supplier Development Council reported income of $1.8m and spending of $1.2m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $1.8m (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Minority Supplier Development Council sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Live6 Alliance ($1.8m), American Association for Public Opinion Research ($1.8m) and Lat Workforce Investment Board Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $160k (14% of expenses). Other salaries and wages came to $398k. At year end it held assets of $2.4m against liabilities of $304k, net assets of $2.1m. It reported 9 employees.