National Association of Minority Contractors Inc

Analysis

National Association of Minority Contractors Inc is a registered charity in United States, based in Cheverly, MD. It received its IRS tax-exemption ruling in July 1997, 29 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 (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, National Association of Minority Contractors Inc reported income of $857k and spending of $555k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $548k to $857k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Association of Minority Contractors Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Beaumont Products and Services Inc ($856k), Jacksonville Chamber Foundation Inc ($858k) and Belleville Non-Profit Housing Coproration ($856k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.6m against liabilities of $120k, net assets of $1.4m. It reported 1 employees.