Arts, Culture & Humanities
(A99Z)
IRS Verified
DX Registered
990 on File
NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC
Financial strength (30%)
80/100
Reliability (20%)
55/100
Effectiveness (25%)
83/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
To serve as a growth engine for NMSDC certified minority businesses and enable our members to advance economic equity. We create connections between minority business enterprises (MBEs) and corporations, MBEs and the public sector, and MBEs and other MBEs, to help them benefit from each other, stoking entrepreneurship and growing wealth for these systemically excluded communities.
Financial Overview — FY 2024
$29.7M
Total Revenue
$31.7M
Total Expenses
$5.4M
Net Assets
58
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
79.7%
Fundraising Efficiency
N/A
Operating Reserve
2.06x
Liability-to-Asset
49.4%
Revenue Diversification
66.9%
Compared with Peers
FY 2024
Compared with 433 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.7% | 79.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
20.2% | 13.2% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.1% | 5.9% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.1 mo | 29.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
49.4% | 12.3% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.9% | 67.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-4.7% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-4.4% | 7.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.4% | 2.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $29.7M | $31.7M | $5.4M | 79.7% | 58 |
| 2023 | $31.2M | $33.1M | $7.3M | 81.5% | 52 |
| 2022 | $27.3M | $26.7M | $9.1M | 84.1% | 37 |
| 2021 | $19.1M | $17.4M | N/A | — | 30 |
| 2020 | $13.8M | $13.9M | N/A | — | 28 |
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