Minority Corporate Counsel Association Inc
Minority Corporate Counsel Association Inc maintains stable finances with consistent surpluses and no reported officer compensation.
EIN: 133920905 · Washington, DC · NTEE: R22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $4.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $5.2M |
| Transparency Score | 85/100 |
Is Minority Corporate Counsel Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minority Corporate Counsel Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minority Corporate Counsel Association Inc
Minority Corporate Counsel Association Inc (EIN: 133920905) is a nonprofit organization based in Washington, DC, classified under NTEE code R22. The organization reported total revenue of $7.3M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minority Corporate Counsel Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minority Corporate Counsel Association Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$229K |
| Total Assets | $6.4M |
| Total Liabilities | $1.2M |
| Net Assets | $5.2M |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 18.4% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2023, Minority Corporate Counsel Association Inc reported a surplus of $229K with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 18.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Minority Corporate Counsel Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | -17.9% | +9.0% |
| 2022 | +15.7% | +68.6% | -16.7% |
| 2021 | +32.5% | +25.6% | +19.1% |
| 2020 | +3.6% | -24.1% | +23.8% |
| 2019 | -10.3% | -5.2% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
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 Corporate Counsel Association Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Minority Corporate Counsel Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $229K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.4%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $4 million. This suggests that executive compensation may be reported under other expense categories or that the organization relies on uncompensated leadership, which would require further scrutiny of the detailed 990 forms for clarity.
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.
Red Flags
The following concerns were identified during AI analysis of Minority Corporate Counsel Association Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual leadership costs if compensated through other means.
Strengths
The following positive indicators were identified for Minority Corporate Counsel Association Inc:
- Consistent operational surpluses, demonstrating financial stability (e.g., 2023 revenue $4,893,567 vs. expenses $4,664,584).
- 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).
Frequently Asked Questions about Minority Corporate Counsel Association Inc
Is Minority Corporate Counsel Association Inc a legitimate charity?
Minority Corporate Counsel Association Inc (EIN: 133920905) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Minority Corporate Counsel Association Inc spend its money?
Minority Corporate Counsel Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Minority Corporate Counsel Association Inc tax-deductible?
Minority Corporate Counsel Association Inc is registered as a tax-exempt nonprofit (EIN: 133920905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Minority Corporate Counsel Association Inc CEO make?
Minority Corporate Counsel Association Inc's highest-compensated officer earns $4 annually. The organization reported $7.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Minority Corporate Counsel Association Inc's spending goes to programs?
Minority Corporate Counsel Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Minority Corporate Counsel Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Minority Corporate Counsel Association Inc is above average for NTEE category R22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minority Corporate Counsel Association Inc located?
Minority Corporate Counsel Association Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 133920905. It is classified under NTEE code R22.
How many years of IRS 990 filings does Minority Corporate Counsel Association Inc have?
Minority Corporate Counsel Association Inc has 13 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 $7.3M in total revenue.
Is Minority Corporate Counsel Association Inc a good charity?
Based on the provided financial data, MCCA appears to be a financially stable organization with a history of operating surpluses and growing assets. The consistent 0% officer compensation reported is a unique factor that would typically be viewed positively, though it warrants further investigation into the full 990 to understand how leadership is compensated, if at all.
How does MCCA manage its finances?
MCCA generally manages its finances well, often operating with a surplus. For example, in 2023, revenue of $4,893,567 exceeded expenses of $4,664,584. Their assets have also shown consistent growth, indicating sound financial stewardship.
What is the trend in MCCA's revenue and expenses?
MCCA's revenue has shown an upward trend in recent years, increasing from $3,251,958 in 2019 to $4,893,567 in 2023. Expenses have generally tracked revenue, with the organization often maintaining a positive net income, indicating sustainable operations.
Filing History
IRS 990 filing history for Minority Corporate Counsel Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minority Corporate Counsel Association Inc's revenue has grown by 9.6%, moving from $4.5M to $4.9M. Total assets increased by 59.4% over the same period, from $4.0M to $6.4M. Total functional expenses rose by 15.8%, from $4.0M to $4.7M. In its most recent filing year (2023), Minority Corporate Counsel Association Inc reported a surplus of $229K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $6.4M in assets (debt-to-asset ratio: 18.4%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.7M | $6.4M | $1.2M | — | — |
| 2022 | $5.2M | $5.7M | $5.9M | $1.2M | — | View 990 |
| 2021 | $4.5M | $3.4M | $7.1M | $1.2M | — | View 990 |
| 2020 | $3.4M | $2.7M | $5.9M | $1.1M | — | View 990 |
| 2019 | $3.3M | $3.5M | $4.8M | $1.0M | — | View 990 |
| 2018 | $3.6M | $3.7M | $4.4M | $730K | — | View 990 |
| 2017 | $3.6M | $3.6M | $4.7M | $426K | — | View 990 |
| 2016 | $3.3M | $2.9M | $4.7M | $668K | — | View 990 |
| 2015 | $3.2M | $3.2M | $4.3M | $317K | — | View 990 |
| 2014 | $3.4M | $3.2M | $4.5M | $366K | — | View 990 |
| 2013 | $3.7M | $3.7M | $4.5M | $378K | — | View 990 |
| 2012 | $3.9M | $4.1M | $4.1M | $354K | — | View 990 |
| 2011 | $4.5M | $4.0M | $4.0M | $292K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.7M, and assets of $6.4M (revenue -5.3% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.7M, and assets of $5.9M (revenue +15.7% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.4M, and assets of $7.1M (revenue +32.5% year-over-year).
- 2020: Revenue of $3.4M, expenses of $2.7M, and assets of $5.9M (revenue +3.6% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.5M, and assets of $4.8M (revenue -10.3% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.7M, and assets of $4.4M (revenue -0.2% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.6M, and assets of $4.7M (revenue +9.1% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.9M, and assets of $4.7M (revenue +3.7% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.2M, and assets of $4.3M (revenue -4.1% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.2M, and assets of $4.5M (revenue -9.8% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.7M, and assets of $4.5M (revenue -3.8% year-over-year).
- 2012: Revenue of $3.9M, expenses of $4.1M, and assets of $4.1M (revenue -13.5% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.0M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minority Corporate Counsel Association Inc:
Data Sources and Methodology
This transparency report for Minority Corporate Counsel Association 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.