National Association of Minority Contractors

Analysis

National Association of Minority Contractors is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover employment, 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 reported income of $144k and spending of $181k, spending 125% of what it took in. Across the 2 years on record, from December 2020 to December 2023, income grew from $86k to $144k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 108% 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 sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include South Asian Engagement Foundation a NJ Nonprofit Corporation ($144k), Women Entrepreneurs Grow Global ($144k) and The Junior League of Northern Virginia Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.