Adventures for the Mind Foundation Inc

Analysis

Adventures for the Mind Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adventures for the Mind Foundation Inc reported income of $88k and spending of $113k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $193k to $88k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adventures for the Mind Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 17th percentile within DC. Charities of a similar size with the same main cause include Bay City Lions Charities Inc ($88k), The Tyler Hughes Fund ($88k) and St Charles Public Library Foundation Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.