Minds Matter National Inc

Analysis

Minds Matter National Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Minds Matter National Inc reported income of $1.7m and spending of $780k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $483k to $1.7m (+259%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 54% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Minds Matter National Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Reign Ministries ($1.7m), Boys & Girls Clubs of the Valley Foundation ($1.7m) and Friendship Circle of Greater Miami Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $281k (36% of expenses). Other salaries and wages came to $182k. At year end it held assets of $2.2m against liabilities of $61k, net assets of $2.1m. It reported 4 employees.