The Mind Trust Inc

Analysis

The Mind Trust Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2007, 19 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 June 2023, The Mind Trust Inc reported income of $29.9m and spending of $21.7m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.8m to $29.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 176%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Mind Trust Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Phoenix Country Day School ($29.9m), The University of Toledo Foundation ($29.9m) and Southern Wesleyan University ($29.8m).

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. Other salaries and wages came to $3.4m. At year end it held assets of $26.4m against liabilities of $1.2m, net assets of $25.2m. It reported 39 employees.