Mindbuilders Creative Arts Inc

Analysis

Mindbuilders Creative Arts Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mindbuilders Creative Arts Inc reported income of $5.7m and spending of $3.6m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $5.7m (+159%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 112%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mindbuilders Creative Arts Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Oklahoma City Museum of Art ($5.7m), Winnetka Community House ($5.7m) and Colorado Ballet Foundation ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $162k (4.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $14.3m against liabilities of $15k, net assets of $14.3m. It reported 74 employees.