Multi-ethnic Business Association
Only null% goes to programs Growing revenue
Multi-ethnic Business Association is a 501(c)(3) organization based in Spokane, Washington, registered in 2022, with $2,362,298 in FY2023 revenue. CharityIndex grades it B.
327 E Pacific Ave, Spokane, WA, 99202 EIN 84-4858996 Since 2022
Revenue (FY2023)
$2.4M
▲ 658.8% vs prior year
Community median: $184K
Expenses (FY2023)
$2.2M
Net assets
$283K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Multi-ethnic Business Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +6% 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 Multi-ethnic Business Association: 2 mo reserves · +6% margin earns a B 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 Multi-ethnic Business Association— 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 Multi-ethnic Business Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 327 E Pacific Ave, Spokane, WA, 99202
- City
- Spokane
- State
- Washington
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $120K (FY2020) to $2.4M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $22KNet assets $283K
Operating margin
6.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$305K
Total liabilities
$22K
Net assets
$283K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,362,298▲659% | $2,209,266▲725% | $282,694▲118% | $304,887▲109% | 990 |
| 2022 | $311,336▲32.9% | $267,710▲27.1% | $129,662▲50.7% | $145,783▲57.2% | 990 |
| 2021 | $234,302▲94.8% | $210,637▲264% | $86,036▲37.9% | $92,744▲35.8% | 990 |
| 2020 | $120,265 | $57,894 | $62,371 | $68,306 | 990EZ |
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.
Grants received · $325K total
2 grants to Multi-ethnic Business Association totaling $325K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Inatai Foundation | General operating support | 2024 | $225,000 |
| Inatai Foundation | General operating support | 2022 | $100,000 |
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Frequently asked questions
- Is Multi-ethnic Business Association a legitimate nonprofit?
- Yes. Multi-ethnic Business Association is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-4858996, based in Spokane, Washington. Donations are tax-deductible.
- What is Multi-ethnic Business Association's EIN?
- Multi-ethnic Business Association's Employer Identification Number (EIN) is 84-4858996.
- How much revenue does Multi-ethnic Business Association report?
- Multi-ethnic Business Association reported $2,362,298 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Multi-ethnic Business Association have?
- CharityIndex grades Multi-ethnic Business Association B, based on financial health (reserves and operating margin).
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Data for Multi-ethnic Business Association (EIN 84-4858996) 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.