Active Minds Inc

Analysis

Active Minds Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Active Minds Inc reported income of $11.1m and spending of $7.8m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $11.1m (+148%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 58% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Active Minds Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include TMC Health Foundation ($11.1m), Association for Neurologically Impaired Brain Injured Children ($11.1m) and Center for Healthcare Research & Transformation ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $679k (8.7% of expenses). Other salaries and wages came to $3.1m. It paid $47k in professional fundraising fees. At year end it held assets of $16.4m against liabilities of $1.7m, net assets of $14.7m. It reported 67 employees.