Minority Construction Council Inc
Minority Construction Council Inc. shows strong revenue growth and zero officer compensation in recent filings.
EIN: 203518707 · Hartford, CT · NTEE: J30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $584K |
| Total Expenses | $468K |
| Program Spending | 85% |
| Net Assets | $206K |
| Transparency Score | 90/100 |
Is Minority Construction Council Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minority Construction Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minority Construction Council Inc
Minority Construction Council Inc (EIN: 203518707) is a nonprofit organization based in Hartford, CT, classified under NTEE code J30. The organization reported total revenue of $584K and total assets of $206K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minority Construction Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minority Construction Council Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $584K |
| Total Expenses | $468K |
| Surplus / Deficit | +$116K |
| Total Assets | $206K |
| Net Assets | $206K |
| Operating Margin | 19.8% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Minority Construction Council Inc reported a surplus of $116K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2011–2023), Minority Construction Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.3% | +2.8% | +128.4% |
| 2022 | +18.7% | +51.5% | -30.2% |
| 2021 | +38.7% | +22.0% | +185.9% |
| 2020 | +6.3% | +6.4% | +63.2% |
| 2019 | +50.6% | +45.0% | +156.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minority Construction Council Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Minority Construction Council Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $116K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through mechanisms not classified as officer compensation, which allows more funds to be directed towards programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Minority Construction Council Inc:
- Strong revenue growth, from $35,359 in 2016 to $584,252 in 2023.
- Healthy asset accumulation, reaching $206,290 in 2023.
- Zero liabilities reported in the latest filing (202312), indicating strong financial stability.
- Consistent 0% officer compensation across all filings, suggesting efficient resource allocation.
- Consistent filing history (12 filings), demonstrating transparency and accountability.
Frequently Asked Questions about Minority Construction Council Inc
Is Minority Construction Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Minority Construction Council Inc (EIN: 203518707) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Minority Construction Council Inc spend its money?
Minority Construction Council Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Minority Construction Council Inc tax-deductible?
Minority Construction Council Inc is registered as a tax-exempt nonprofit (EIN: 203518707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Minority Construction Council Inc's spending goes to programs?
Minority Construction Council Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Minority Construction Council Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Minority Construction Council Inc is above average for NTEE category J30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minority Construction Council Inc located?
Minority Construction Council Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 203518707. It is classified under NTEE code J30.
How many years of IRS 990 filings does Minority Construction Council Inc have?
Minority Construction Council Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $584K in total revenue.
Is Minority Construction Council Inc. a good charity?
Based on the provided financial data, the Minority Construction Council Inc. appears to be a good charity. It demonstrates strong revenue growth, healthy asset accumulation, and a consistent record of zero officer compensation, suggesting efficient use of funds and a strong commitment to its mission.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $35,359 in 2016 to $584,252 in 2023, indicating expanding operations and support.
What is the organization's financial health?
The Minority Construction Council Inc. exhibits strong financial health, with growing assets ($206,290 in 2023) and zero liabilities reported in its latest filing, indicating solvency and sound financial management.
Filing History
IRS 990 filing history for Minority Construction Council Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Minority Construction Council Inc's revenue has grown by 3592.4%, moving from $16K to $584K. Total assets increased by 1504.9% over the same period, from $13K to $206K. Total functional expenses rose by 2319.1%, from $19K to $468K. In its most recent filing year (2023), Minority Construction Council Inc reported a surplus of $116K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $584K | $468K | $206K | $0 | — | — |
| 2022 | $435K | $455K | $90K | $0 | — | View 990 |
| 2021 | $366K | $301K | $129K | $18K | — | View 990 |
| 2020 | $264K | $246K | $45K | $0 | — | View 990 |
| 2019 | $248K | $232K | $28K | $116 | — | View 990 |
| 2018 | $165K | $160K | $11K | $0 | — | View 990 |
| 2016 | $35K | $40K | $1K | $0 | — | View 990 |
| 2015 | $84K | $96K | $5K | $0 | — | View 990 |
| 2014 | $48K | $45K | $18K | $1K | — | View 990 |
| 2013 | $49K | $49K | $15K | $0 | — | View 990 |
| 2012 | $55K | $53K | $14K | $0 | — | View 990 |
| 2011 | $16K | $19K | $13K | $400 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $584K, expenses of $468K, and assets of $206K (revenue +34.3% year-over-year).
- 2022: Revenue of $435K, expenses of $455K, and assets of $90K (revenue +18.7% year-over-year).
- 2021: Revenue of $366K, expenses of $301K, and assets of $129K (revenue +38.7% year-over-year).
- 2020: Revenue of $264K, expenses of $246K, and assets of $45K (revenue +6.3% year-over-year).
- 2019: Revenue of $248K, expenses of $232K, and assets of $28K (revenue +50.6% year-over-year).
- 2018: Revenue of $165K, expenses of $160K, and assets of $11K (revenue +366.2% year-over-year).
- 2016: Revenue of $35K, expenses of $40K, and assets of $1K (revenue -57.8% year-over-year).
- 2015: Revenue of $84K, expenses of $96K, and assets of $5K (revenue +75.5% year-over-year).
- 2014: Revenue of $48K, expenses of $45K, and assets of $18K (revenue -2.4% year-over-year).
- 2013: Revenue of $49K, expenses of $49K, and assets of $15K (revenue -11.0% year-over-year).
- 2012: Revenue of $55K, expenses of $53K, and assets of $14K (revenue +247.3% year-over-year).
- 2011: Revenue of $16K, expenses of $19K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minority Construction Council Inc:
Data Sources and Methodology
This transparency report for Minority Construction Council Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.