Millionaire Mind Kids

Analysis

Millionaire Mind Kids is a registered charity in United States, based in Victorville, CA. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Millionaire Mind Kids reported income of $622k and spending of $609k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $227k to $622k (+174%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Millionaire Mind Kids sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Chester County Family Academy-A Pennsylvania Charter School ($622k), Veritas Classical School Inc ($622k) and System Dynamics Society Inc ($622k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (3.8% of expenses). Other salaries and wages came to $320k. At year end it held assets of $177k against liabilities of $0, net assets of $177k. It reported 43 employees.