Growing asset base over time, indicating strong financial health (e.g., assets grew from $4,790,570 in 2019 to $6,412,296 in 2023).
Positive revenue growth in recent years, suggesting increasing support or program reach.
Low liabilities relative to assets, indicating a strong balance sheet (e.g., 2023 liabilities $1,180,895 vs. assets $6,412,296).
Spending Breakdown
How Minority Corporate Counsel Association Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Minority Corporate Counsel Association Inc
Is Minority Corporate Counsel Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Minority Corporate Counsel Association Inc (EIN: 133920905) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Minority Corporate Counsel Association Inc a good charity to donate to?
Minority Corporate Counsel Association Inc has a Mission Score of 85/100. Revenue: $7.3M. Assets: $7.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Minority Corporate Counsel Association Inc?
The Employer Identification Number (EIN) for Minority Corporate Counsel Association Inc is 133920905. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Minority Corporate Counsel Association Inc spend its money?
Minority Corporate Counsel Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Minority Corporate Counsel Association Inc's tax-exempt status?
You can verify Minority Corporate Counsel Association Inc's tax-exempt status using EIN 133920905 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Minority Corporate Counsel Association Inc (MCCA) demonstrates a generally stable financial position with consistent revenue streams over the past decade, ranging from approximately $3.2 million to $5.1 million in recent years. The organization has shown prudent financial management, often operating with a surplus, as seen in 2023 where revenue of $4,893,567 exceeded expenses of $4,664,584. Their asset base has also grown steadily, reaching $6,412,296 in 2023, indicating good long-term financial health.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent operational surpluses suggest efficient spending relative to their mission. A notable aspect of MCCA's transparency is the reported 0% officer compensation across all available filings, which is highly unusual for an organization of its size and could indicate that executive compensation is reported under other expense categories or that officers are uncompensated volunteers. Further investigation into the detailed 990 forms would be necessary to fully understand the allocation of expenses and executive remuneration practices.
Overall, MCCA appears to be a financially sound organization with a history of responsible fiscal management. The lack of reported officer compensation directly on the summary, while potentially a positive for donor perception, warrants a deeper look into the full 990 to ensure complete transparency regarding leadership costs.