Southern California Minority Supplier Development Council Inc

Analysis

Southern California Minority Supplier Development Council Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1982, 44 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, Southern California Minority Supplier Development Council Inc reported income of $2.3m and spending of $1.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.3m (+48%), an average of +10% a year. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern California Minority Supplier Development Council Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Building Talent Foundation ($2.3m), College for Social Innovation Inc ($2.3m) and In His Image ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $170k (8.8% of expenses). Other salaries and wages came to $524k. At year end it held assets of $4.1m against liabilities of $282k, net assets of $3.8m. It reported 9 employees.