Business For A Fair Minimum Wage Inc
501(c)(4)Community
Only null% goes to programs Thin reserves Declining revenue
Business For A Fair Minimum Wage Inc is a 501(c)(4) organization based in Silver Spring, Maryland, registered in 2021, with $394,082 in FY2024 revenue. CharityIndex grades it C.
8705 Colesville Road Ste B Unit 300, Silver Spring, MD, 20910 EIN 82-5423675 Since 2021
Revenue (FY2024)
$394K
▼ 21.0% vs prior year
Community median: $184K
Expenses (FY2024)
$401K
Net assets
$1,883
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Business For A Fair Minimum Wage Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Business For A Fair Minimum Wage Inc: 0 mo reserves · -2% margin earns a C on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Business For A Fair Minimum Wage Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Business For A Fair Minimum Wage Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 8705 Colesville Road Ste B Unit 300, Silver Spring, MD, 20910
- City
- Silver Spring
- State
- Maryland
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue declined from $444K (FY2019) to $394K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1,883
Operating margin
-1.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1,883
Total liabilities
$0
Net assets
$1,883
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $394,082▼21.0% | $400,707▼25.1% | $1,883▼77.9% | $1,883▼77.9% | 990 |
| 2023 | $498,695▲38.9% | $534,697▲13.3% | $8,508▼80.9% | $8,508▼80.9% | 990 |
| 2022 | $359,150▼38.0% | $471,990▲0.7% | $44,510▼71.7% | $44,510▼71.7% | 990 |
| 2021 | $579,207▲28.6% | $468,644▲7.8% | $157,350▲236% | $157,350▲236% | 990 |
| 2020 | $450,250▲1.5% | $434,593▲16.1% | $46,787▲50.3% | $46,787▲50.3% | 990 |
| 2019 | $443,549 | $374,338 | $31,130 | $31,130 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare Business For A Fair Minimum Wage Inc
Frequently asked questions
- Is Business For A Fair Minimum Wage Inc a legitimate nonprofit?
- Yes. Business For A Fair Minimum Wage Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 82-5423675, based in Silver Spring, Maryland.
- What is Business For A Fair Minimum Wage Inc's EIN?
- Business For A Fair Minimum Wage Inc's Employer Identification Number (EIN) is 82-5423675.
- How much revenue does Business For A Fair Minimum Wage Inc report?
- Business For A Fair Minimum Wage Inc reported $394,082 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Business For A Fair Minimum Wage Inc have?
- CharityIndex grades Business For A Fair Minimum Wage Inc C, based on financial health (reserves and operating margin).
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Data for Business For A Fair Minimum Wage Inc (EIN 82-5423675) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.