CSCharityScored
46

National Institute Of Minority Economic Development

Other · Durham, North Carolina

114 W Parrish St, Durham, NC 27701-3365

EIN: 561579041· Founded: Jun 1988· 38 years active· Filing Year: 2023

Annual Revenue

$12.2M

Total Expenses

$7.8M

Total Assets

$18.8M

Program Spending

20%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$499K

6.4% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$2.4M

Total Payroll

$2.9M

37% of total expenses

Where the Money Goes

20%
Programs: 20%
Payroll: 37%
Other overhead: 80%
Program Revenue$1.5M (13%)
Total Expenses$7.8M (64%)
Payroll$2.9M (37%)
Overhead (non-program)80%

Trust Score Breakdown

Program Spending Ratio

20% of expenses go to programs

40%

Revenue & Stability

$12.2M annual revenue

15%

Executive Compensation

$499K total officer comp (6.4% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$18.8M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.